WINDSOR, Conn., June 10, 2014 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that Wexford Capital has selected SS&C GlobeOp to provide an expanded suite of services including middle- and back-office, regulatory reporting and investor solutions for Wexford's private equity funds and hedge funds. Wexford, headquartered in Greenwich, CT manages over $4 billion in assets.
SS&C GlobeOp previously delivered various back-office services to support Wexford's hedge funds. The terms of the revised agreement will allow Wexford to leverage many of SS&C's capabilities to act as an outsourced operational, middle- and back-office provider and fund administrator. SS&C will hire a number of Wexford employees to augment the team that will service Wexford.
"We conducted an extensive due diligence process over several months and were impressed with the commitment of SS&C to the business and their technology platform and expertise," said Joseph Jacobs, President, Wexford Capital. "We believe that the extension of our strategic partnership will bring us greater operational leverage and scale."
"This is an exciting opportunity for both companies and we appreciate Wexford's selection of SS&C for these mission-critical processes," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We are proud to partner with one of the leading alternative asset managers and view this relationship as an important milestone in our delivery of class-leading technology and expertise."
About Wexford Capital
Wexford Capital LP is a SEC registered investment advisor with over $4 billion of assets under management. The firm, which was formed in 1994, manages a series of hedge funds and private equity funds from its Greenwich, CT headquarters. Wexford manages three hedge funds with over $2 billion in AUM: the opportunistic/global macro Wexford Spectrum Fund, the multi-strategy credit oriented Wexford Credit Opportunities Fund and the energy, natural resources and industrials focused Wexford Catalyst Fund. Wexford also manages a series of private equity funds and has invested over $5 billion in private equity investments. Wexford prides itself on its independent thinking and opportunistic investment style. While Wexford invests in many different sectors, it has particular expertise in bankruptcy/distressed, energy/natural resources, real estate, technology/telecommunications and transportation. Additional information is available at www.wexford.com.
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. Some 6.900 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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