Arrowpoint Investment Partners Announces Partnership with SS&C for Fund Administration Services
Arrowpoint Investment Partners Chooses SS&C for Fund Administration
Introduction
In a strategic move aimed at enhancing its operational capabilities, Arrowpoint Investment Partners has selected SS&C Technologies Holdings, Inc. to administer its flagship hedge fund, which has been established with significant assets totaling $1 billion. This partnership signals a commitment to leveraging advanced technology combined with robust administration services in the rapidly evolving hedge fund landscape.
About Arrowpoint Investment Partners
Founded by Jonathan Xiong, who previously served as co-CEO of Millennium's Asia operations, Arrowpoint Investment Partners is designed to be a differentiated investment firm focusing on multi-strategy platforms in Asia. The firm has quickly made an impression in the investment world by integrating various investment strategies across its teams. By blending fundamental and quantitative strategies across equities, fixed income, and commodities, Arrowpoint aims to offer its clients finely tuned performance control. The fund presently utilizes the expertise of 18 portfolio managers located in Hong Kong and Singapore.
The Role of SS&C Technologies
SS&C’s offering, specifically its GlobeOp platform, is set to provide comprehensive administration services that will cater directly to Arrowpoint's complex needs. Woon Young Jeong, COO of Arrowpoint, emphasized that their philosophy revolves around harnessing technology to achieve consistent, high-quality, risk-adjusted returns through integrated strategies. The requirement for an adept fund administrator well-versed in managing multi-asset classes and intricate fee structures underscores the sophistication of Arrowpoint's operations. Jeong remarked on SS&C's advanced technology and knowledgeable support staff, making it an ideal match for the fund's administration needs.
Michael Li, Managing Director and Head of SS&C GlobeOp in Asia-Pacific, expressed enthusiasm about the collaboration, noting that multi-strategy funds are gaining traction among investors due to their appealing diversification benefits. Li pointed out that managing a fund composed of multiple asset classes and complex fee structures presents unique challenges. SS&C's service aims to alleviate these operational stresses, allowing the Arrowpoint team to concentrate on investment activities without distraction.
The Future of Investment Management
The partnership between Arrowpoint and SS&C signifies a broader trend in the investment management industry where firms are adapting to the necessity for innovation and efficiency in fund administration. As multi-strategy hedge funds become increasingly popular, the operational complexities associated with these investment vehicles require robust administration capabilities. By choosing SS&C, Arrowpoint positions itself at the forefront of this evolving landscape, ready to capitalize on emerging opportunities and navigate associated challenges.
Conclusion
With its foundation firmly rooted in the Asia-centric investment landscape, Arrowpoint Investment Partners is poised to leverage its partnership with SS&C for enhanced operational management, thereby catering more effectively to its investors' demands. As the financial services sector continues to evolve, collaborations like these are essential for firms looking to innovate and maintain a competitive edge in a dynamic market.
For those interested, further information can be found at Arrowpoint’s website and about SS&C Technologies on their official portal.