{"id":38413,"date":"2013-10-03T13:17:26","date_gmt":"2013-10-03T17:17:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38413"},"modified":"2013-10-03T13:17:26","modified_gmt":"2013-10-03T17:17:26","slug":"ssc-acquires-prime-management-limited","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2013\/ssc-acquires-prime-management-limited.html","title":{"rendered":"SS&#038;C Acquires Prime Management Limited"},"content":{"rendered":"<p id=\"yui_3_7_2_1_1380725373991_6253\"><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/fish_eat_fish_bag-p1490766558113912462w92h_400.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-24109\" alt=\"hedge fund acquisitions\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/fish_eat_fish_bag-p1490766558113912462w92h_400.jpg\" width=\"184\" height=\"135\" \/><\/a>New York (HedgeCo.Net) &#8211; \u00a0Hedge fund tech provider SS&amp;C Technologies Holdings has acquired Prime Management Limited, a fund administrator and a service provider to investment structures, sponsors and managers in the insurance linked securities (ILS) market.<\/p>\n<p id=\"yui_3_7_2_1_1380725373991_6251\">Prime currently services 25 managers with US$6 billion in assets under administration (AUA) from its Bermuda and Canadian offices. Clients range from emerging managers to large institutional managers. This acquisition furthers SS&amp;C&#8217;s ability to administer insurance linked securities and the funds which invest in them. This includes fund administration, accounting services specific to insurance linked securities, investor services, governance and compliance services, and advice and support to clients on best practices for establishing ILS fund structures.<\/p>\n<p id=\"yui_3_7_2_1_1380725373991_6249\">\u201cInvestors are looking to diversify and are attracted to ILS. The knowledge of the Prime team, attention to customer service, and the addition of dedicated ILS expertise is a strategic fit for SS&amp;C\u2019s fund administration services,\u201d said Bill Stone, Chairman and Chief Executive Officer, SS&amp;C Technologies. \u201cThe acquisition is well-aligned to our overall corporate strategy and will enable us to add further value to clients.&#8221;<\/p>\n<p id=\"yui_3_7_2_1_1380725373991_6246\">\u201cSS&amp;C&#8217;s financial strength, combined with its fund services business and innovative solutions will enhance the high quality fund administration services that we provide to our clients,&#8221; said John Whiley, Head of ILS Administration, Prime Management Limited. &#8220;We are excited about joining the team at SS&amp;C GlobeOp and being a leading institutional service provider in Bermuda.\u201d<\/p>\n<p id=\"yui_3_7_2_1_1380725373991_6247\"><b>\u00a0<\/b><\/p>\n<p><b>\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; \u00a0Hedge fund tech provider SS&amp;C Technologies Holdings has acquired Prime Management Limited, a fund administrator and a service provider to investment structures, sponsors and managers in the insurance linked securities (ILS) market. Prime currently services 25 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38413","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38413"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38413\/revisions"}],"predecessor-version":[{"id":38427,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38413\/revisions\/38427"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}