SS&C Technologies Adds Risk Reporting to Fund Administration Services
Copyright: | GlobeNewswire, Inc. |
Source: | GlobeNewswire |
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WINDSOR, Conn., July 20, 2010 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today launched Risk Analytics™, an independent investment risk analysis solution for hedge funds, fund of funds, private equity funds and managed accounts.
The new risk management tools, fully integrated with SS&C's proprietary accounting and derivatives platform, provides SS&C's clients daily and monthly risk reporting, as part of SS&C's middle and back office fund administration services. Risk Analytics is also available as an in-house solution.
A US-based institutional hedge fund firm who uses SS&C Risk Analytics to provide daily transparency to investors said, "Adding SS&C's risk report gives us a nice daily summary covering a broad range of portfolio risk analytics. With a combination of detailed sector/position analyses and concise portfolio summary data, this report provides a useful tool in our constant effort to recognize and manage risk exposure in our equities portfolio."
"Fund managers and administrators continue to be challenged to manage risk, reduce costs and grow with transparency and control," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "Reporting on Value at Risk (VaR), risk delta, stress testing and ex-ante risk adjusted performance are measures that are becoming critical must-haves for today's alternative investment industry. SS&C is pleased to meet this new demand and offer integrated risk reporting services as part of our top ranked fund administration offering."
SS&C Fund Services is a leading provider of independent fund administration services for 3,000 funds with US$175 billion in assets under administration and supports multiple structures including Hedge Funds, Fund of Funds, Private Equity Funds, and Managed Account Platforms.
About SS&C Technologies Holdings, Inc.
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management, 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. Additional information is available at www.ssctech.com.
The SS&C Technologies Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7358
CONTACT: SS&C Technologies Holdings, Inc. Patrick Pedonti, Chief Financial Officer +1-860-298-4738 [email protected]
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