Sandell switches out fund administrator 25 October 2013Connecticut Reporter: Georgina Lavers
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Sandell Asset Management Corp. has switched its current fund administrator out in favour of SS&C GlobeOp, which will provide the firm with a range of fund administration, risk and regulatory support services, including support for FATCA and Form PF.
“All areas of our organisation, from risk management through to trading, operations and even marketing and investor relations will benefit from the move to SS&C GlobeOp’s advanced technology platform,” said Rick Ecklord, senior managing director of Sandell Asset Management.
“The integration of risk and customised reporting will further enhance our ability to provide investors with detailed and integrated risk analytics and reporting. SS&C GlobeOp’s expertise and commitment to continuous technology investment is what we are looking for in a long-term partner.”
SS&C GlobeOp will provide an end-to-end service for regulatory compliance which includes the aggregation and mapping of data, reporting and electronic filing for Form PF and ensuring the availability of timely and accurate data for FATCA compliance.
“Sandell Asset Management was attracted by our ability to offer a fully integrated service based on the latest technology at a competitive price. The flexibility of our platform allows us to tailor the services offered to meet the exact needs of our clients efficiently and cost effectively,” said Bill Stone, chairman and CEO of SS&C Technologies.
“We’re pleased to be providing fund administration, risk management and regulatory support to Sandell and look forward to building a long-term partnership.”
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