Proven Fund Conversion Track Record and Technology Platform Enables Fund
Migration in Four Weeks
WINDSOR, Conn., 2012-02-02 10:00 CET (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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The SS&C Technologies logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8587
CONTACT: Patrick Pedonti
Chief Financial Officer
+1-860-298-4738
InvestorRelations@sscinc.com