Tuesday, 13 October 2015
Last updated 10 hours ago
Oct 2 2013 | 9:54am ET
Hedge fund administrator SS&C Technologies has acquired insurance linked-securities specialist Prime Management.
Prime administers $6 billion in assets for 25 clients, ranging from emerging managers to large institutional managers, from offices in Bermuda and Canada.
“Investors are looking to diversify and are attracted to ILS. The knowledge of the Prime team, attention to customer service, and the addition of dedicated ILS expertise is a strategic fit for SS&C’s fund administration services,” said Bill Stone, SS&C CEO, in a statement: “The acquisition is well-aligned to our overall corporate strategy and will enable us to add further value to clients."
The acquisition is the latest for Windsor, Conn.-based SS&C which, in 2012, acquired London-based GlobeOp Financial Services and Texas-based hedge fund administrator Hedgemetrix.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…