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Fund services news

Wexford Capital and SS&C relationship grows


10 June 2014 Connecticut
Reporter: Tammy Facey

Generic business image for news article
Image: Shutterstock
Wexford Capital has selected SS&C GlobalOp for further fund administration services.

SS&C GlobalOp will provide middle- and back-office services, regulatory reporting and investor solutions for Wexford Capital’s private equity and hedge funds.

The firm previously supplied Wexford Capital with back-office services to support its hedge funds.

Joseph Jacobs, president of Wexford Capital, commented on the new agreement: “We believe that the extension of our strategic partnership will bring us greater operational leverage and scale.”

Under the new agreement, SS&C Technologies will employ Wexford staff members to add to the team that will provide the services.

Bill Stone, chairman and CEO of SS&C Technologies, echoed Jacob’s statement: “We are proud to partner with Wexford and view this relationship as an important milestone in our delivery of class-leading technology and expertise.”

Stone continued: “This is an exciting opportunity for both companies and we appreciate Wexford’s selection of SS&C for these mission-critical processes.”

Wexford is based in Greenwich and manages more than $4 billion in assets.
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