SS&C Technologies, a global provider of financial services software and software-enabled services, today announced Alternative Investment Group, an independent investment management firm with US$1.6 billion assets under management, has appointed SS&C Fund Services to handle the fund administration and accounting for its funds of hedge funds.
SS&C will provide Alternative Investment Group with independent fund accounting and net asset value calculation as well as financial reporting services, leveraging their proprietary software suite.
"After an extensive search, we chose SS&C Fund Services because we believe that SS&C's proven technology and expertise could best meet our need for a trusted independent partner," said Marita Wein, partner, Alternative Investment Group. "In addition, we were already using SS&C's FundRunner application for our investor relationship management activities and were impressed with synergies between our existing infrastructure and their services."
"Independent third party accounting services continue to be in high demand from investors and reputable firms such as Alternative Investment Group," said Bill Stone, chairman and chief executive officer, SS&C Technologies. "We are delighted that Alternative Investment Group has chosen SS&C to manage their platform and we look forward to working together."