WINDSOR, Conn., May 17, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Lone Pine Capital LLC has selected SS&C for its Form PF reporting solution.
Lone Pine Capital LLC, based in Greenwich, CT, has approximately $22.7 billion in net assets under management. Lone Pine Capital is using SS&C's web-enabled Form PF application and expertise to help comply with Form PF a new reporting requirement applicable to investment advisers to hedge funds, private equity funds and other private funds that meet certain asset thresholds. Investment advisers subject to these rules will be required to report information on a quarterly or annual basis for use by the Financial Stability Oversight Council ("FSOC") in monitoring systemic risk to the US economy.
"We are honored that Lone Pine, a long-time customer, has selected us for this critical regulatory requirement," said Rahul Kanwar, Senior Vice President, SS&C Alternative Assets. "We are uniquely positioned as the only software company and top ten fund administrator offering Form PF services in a controlled, scalable and efficient way. We have developed and deployed a cloud solution providing funds full access and visibility into the filing, and support with fund operations, valuation, risk and compliance experts."
SS&C's solution is cloud-based, and offers clients access to every aspect of data collection, workflow management and submission of Form PF online. The web-based solution supports complex fund structures, and multiple asset types and data sources. SS&C's Form PF solution can be used by current fund administration clients or on a stand-alone basis by funds who use third party administrators or an in-house process.
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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