SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that Fundhost has licensed AdvisorWare to support its Australian hedge fund administration business.
Fundhost provides administration services to the Australian boutique investment manager sector and believes there is an opportunity to offer back office services to the growing hedge fund sector. They selected SS&C's AdvisorWare for its hedge fund industry leadership, ASP hosting model and local support.
"We are delighted to partner with SS&C as we launch our Australian hedge fund administration business," commented Anne Ridgway & Mark Bennett, Joint-CEOs, Fundhost. "Our hedge fund clients can benefit from globally proven hedge fund technology together with Fundhost's back office administration experience, all available at a highly attractive pricing point."
"SS&C is more than just a software house, we are the third largest independent alternatives fund administrator in the world, with some $410 billion in assets under administration," said Phil Banas, Managing Director, Australia, SS&C. "We use our own software in our fund services business and this strongly aligns our interests with those of our software clients. Fundhost is safe in the knowledge that our AdvisorWare hedge fund platform is proven and scalable and will support their business at every point in their growth curve. We are delighted to welcome Fundhost to our rapidly expanding Australian client community."