Proven Fund Conversion Track Record and Technology Platform Enables Fund Migration in Four Weeks
WINDSOR, Conn., Feb. 2, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of investment and FINANCIAL software-enabled services and software, today announced PD Capital has appointed SS&C Fund Services to provide fund administration services for its PD Star fund.
PD Capital Management's investment approach involves complex equity arbitrage strategies, many of which involve short term directional risk. SS&C was able to fast-track the conversion of the fund's books and records from the previous fund administrator in four weeks. SS&C converted and reconciled five months of historical data including one month parallel processing, enabling a seamless transition to daily production including daily profit and loss reporting and full monthly valuations for the fund.
"SS&C's superior technology, proven conversion track record, and attention to detail in the preparation stages are the primary reasons we chose to migrate our business. We are very impressed with SS&C's delivery of fast and accurate NAV calculations, a significant improvement over our previous administrator," said David Disbrey, Founder and Managing Director, PD Capital. "We look forward to working together with SS&C to continue to provide our investors with superior service."
"I am delighted to welcome PD Capital to our sophisticated and prestigious fund administration client base," said David Reid, Senior Vice President and Managing Director, International, SS&C Technologies. "Among the numerous strengths which distinguish SS&C as a fund administrator are our proprietary technology platform, a standardized conversion process, and well-defined controls delivering improved efficiency gains for our clients."
About PD Capital Management
PD Capital Management Limited ("PD Capital") is a U.K. based hedge fund manager investing in Asian equity markets. PD Capital Management Limited is authorized and regulated by the Financial Services Authority. For more information please contact: info@pdcapital.co.uk.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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CONTACT: Patrick Pedonti
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