Systematica Partners with SS&C for Successful Migration of Middle and Back Office Services

Dec 17 2015 | 5:13pm ET

Leda Braga’s quantitative hedge fund Systematica Investments has successfully completed a collaborative project with SS&C Technologies that achieves complete operational independence for the fund.

Systematica Investments approached SS&C with an ambitious plan to build an independent platform within a six-month timeframe, according to a statement from SS&C. As a result of a very focused partnership between client and vendor, the project was accomplished on time and, critically for a project of this nature, without down time for the fund or its investors, the fund services firm said.

“SS&C’s knowledge of our business and proven track record with fund conversions, coupled with the commitment and determination of our own team, was critical in the success of this project,” said Matt Kilsby, Systematica’s COO, in the statement. 

As a result of the conversion, Systematica is achieving significant operational efficiencies and is able to leverage SS&C’s platform and expertise to broaden its product coverage, said SS&C.

“The Systematica project represents a significant fund conversion, consolidating both middle office services and fund administration,” said Bill Stone, CEO of SS&C. This project is a tribute to the strong partnership between our customers and the expertise of our conversion teams.”  

Geneva-based Systematica was founded by Brega in January 2015 as a spin off from Michael Platt’s BlueCrest Capital Management. The firm manages approximately $8.5 billion across two main systematic strategies, BlueTrend, a trend-following fund, and BlueMatrix, an equity market neutral strategy.

Founded in 1986, Connecticut-based SS&C is a leading fund administrator for both onshore and offshore hedge funds, fund of funds and private equity funds. The company counts some 10,000 financial services organizations as clients, who manage an aggregate $44 trillion in assets.

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