The firm is expanding its relationship with SS&C Technologies.
Hudson Bay Capital Management has tapped SS&C GlobeOp to be its fund administrator, which is in addition to the multi-strategy investment firm’s usage of trade operations and investor support solutions from SS&C Technologies, officials say.
Hudson Bay, which is headquartered in Greenwich, Conn., picked SS&C “after a thorough evaluation process,” according to the official announcement. Hudson Bay has $20 billion in assets under management (AUM).
A division of SS&C Technologies, SS&C GlobeOp provides outsourcing and fund administration services to private equity firms, hedge funds, funds of funds, and managed accounts, officials say.
The firm has been looking for “a technology-enabling administrator who can complement our commitment to process data at scale and produce information at speed,” says Brendan Albee, chief operating officer (COO) for Hudson Bay, in a prepared statement.
“SS&C stood out due to their ability to design, deploy, and integrate technologies to support these objectives,” Albee adds. The firm employs its proprietary Deal-Code System and the Gerber Statistic to its decision-making processes.
Hudson Bay has offices in New York, Miami, Boston, London and Dubai. The firm has been managing assets on behalf of outside investors since 2006. “Hudson Bay targets traditional and non-traditional sources of alpha by employing multiple absolute return strategies, utilizing rigorous fundamental analysis, and seeking to identify uncorrelated growth opportunities,” officials say.
SS&C was founded in 1986 and is headquartered in Windsor, Conn. The company offers its software, systems, and services to the financial services and healthcare industries.
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