What does a fund administrator do?
What does a fund administrator do?
Essentially, a fund administrator is an outsourced third party service provider that protects the interests of investors by independently verifying the assets and valuation of the fund. By outsourcing the fund administration function, fund managers are allowed the freedom to focus on portfolio management internally.
Who owns SS&C Technologies?
SS&C TECHNOLOGIES INCSS&C Technologies / Parent organization
Is SS&C a fund administrator?
As the world’s largest fund administrator, SS&C is in a unique position to identify, respond to, and influence trends shaping the fund industry.
How do I become a fund administrator?
Fund Administrator Job Requirements Education: Most employers require a bachelor’s degree in finance, accounting or a related field. Some employers prefer candidates who have a master’s degree in business administration (MBA). An MBA in finance can help you understand the financial markets and how they work.
What is the meaning of fund administration?
Fund administration is a service whereby a third-party company acts as an intermediary between fund managers and investors to verify and distribute assets tied to investments.
What does SS and C stand for?
Financial Technology Software Products. Founded. March 1, 1986. Windsor, Connecticut as Security Software & Consulting Inc.
Who is the CEO of SS&C?
William C. Stone (1986–)SS&C Technologies / CEO
What is a private equity fund administrator?
Private equity fund administrators generally work for financial institutions, such as banks and mutual funds companies, and are responsible for administering collective investments in equity and debt securities in accordance with their companies’ investment strategies.
Is SS&C a custodian?
Global Custodian has named SS&C GlobeOp as a top administrator for hedge funds and private equity funds in its annual survey, significantly outperforming the industry average for the second year in a row.
What is fund administration fees?
The management fee you charge your investors has to cover fund administration fees as well as the management expenses from your fund management company. What expenses are paid by the fund and what expenses are paid by the fund management company are often heavily negotiated terms.
How many fund administrators are there?
Estimates in the United States alone are that there are somewhere between 300 – 500 fund administrators. While there is a long tail of small fund administrators servicing smaller funds, the real action has been in the medium to large players.
How do I choose a fund administrator?
Five Key Considerations when Selecting a Fund Administrator
- Firm structure. Finding an established provider that is stable and, ultimately, not for sale, is critical.
- A full range of service offering capabilities.
- Established controls and oversight.
- Technology solutions.
- Finding the right fit.
Who are SS&C clients?
Our financial services clients include multinational banks, retail banks and credit unions, hedge funds, private equity funds, funds of funds and family offices, institutional and retail asset managers, insurance companies and pension funds, municipal finance groups, brokers/dealers, financial exchanges, commercial …
Who are SS&C competitors?
SS&C Technologies competitors include Grove, Fiserv, DST Systems, BNY Mellon and State Street.
Who is Bill Mary Stone?
Bill and Mary (O’Daniel) Stone are Evansville natives and 1973 graduates of Memorial High School. Bill founded Connecticut-based SS&C Technologies Inc. in 1986 and has remained chairman of the board and CEO since inception.
