Arrowpoint Investment Partners Chooses SS&C for Fund Administration

Rhea-AI Summary

SS&C Technologies Holdings (Nasdaq: SSNC) has been selected by Arrowpoint Investment Partners, Singapore's new multi-strategy hedge fund firm, to administer its flagship $1 billion multi-strategy fund. The fund operates with 18 portfolio managers across Hong Kong and Singapore, implementing various investment strategies.

Arrowpoint, founded by Jonathan Xiong, former co-CEO of Millennium's Asia operations, integrates fundamental and quant strategies across equities, fixed income, and commodities. The firm focuses on Asian investments and aims to generate consistent, high-quality, risk-adjusted returns through technology integration.

SS&C GlobeOp was chosen for its expertise in handling multiple asset classes, complex fee structures, and managing reporting requirements for multi-manager vehicles.

Positive

• Secured administration contract for a significant $1 billion multi-strategy fund
• Expanded presence in Asian market through partnership with major regional hedge fund
• Demonstrates capability to handle complex multi-strategy fund administration

Negative

• None.

Insights

Financial Services Industry Analyst

This new contract with Arrowpoint Investment Partners represents a strategic win for SS&C Technologies in several dimensions. The $1 billion fund administration mandate significantly strengthens SS&C's footprint in the rapidly growing APAC region, particularly in the sophisticated Singapore market. The multi-strategy nature of the fund, involving 18 portfolio managers across various asset classes, showcases SS&C's technological capabilities in handling complex fund structures - a key differentiator in the competitive fund administration landscape.

The client's pedigree is particularly noteworthy. Arrowpoint's founder, Jonathan Xiong, previously served as co-CEO of Millennium's Asia operations, one of the most respected names in the hedge fund industry. This high-profile client acquisition could create a network effect, potentially attracting other sophisticated fund managers in the region who require similar complex fund administration services.

The deal aligns perfectly with current market trends, as multi-strategy funds continue to gain traction among institutional investors seeking diversified returns. These vehicles typically generate higher administration fees due to their complexity, contributing to SS&C's recurring revenue base. The company's ability to handle multiple asset classes, complex fee structures, and sophisticated reporting requirements positions it well to capture additional market share in this growing segment.

From a competitive standpoint, this win reinforces SS&C's technological moat in fund administration. The company's investment in cutting-edge technology for handling multi-manager vehicles creates high switching costs for clients, potentially leading to long-term client relationships and stable revenue streams. This technological advantage becomes increasingly valuable as fund structures grow more complex and regulatory requirements more demanding.

WINDSOR, Conn., Feb. 23, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Arrowpoint Investment Partners, Singapore's new multi-strategy hedge fund investment firm, has selected SS&C GlobeOp to administer its flagship $1 billion multi-strategy fund. The fund currently leverages 18 portfolio managers in Hong Kong and Singapore across various strategies.

"Our philosophy is to integrate multiple strategies across our teams by leveraging technology to generate consistent, high-quality, risk-adjusted returns," said Woon Young Jeong, Chief Operating Officer of Arrowpoint. "We needed an administrator who was deeply familiar with multiple asset classes, complex fee structures, and managing reporting requirements for investors of multi-manager vehicles. SS&C's cutting-edge technology and professional and knowledgeable support team make it an ideal partner to service our fund."

Arrowpoint was founded by Jonathan Xiong, the former co-CEO of Millennium's Asia operations. Rather than managing trading teams as separate entities, Arrowpoint integrates its fundamental and quant strategies across equities, fixed income and commodities to gain more precise control over performance. The firm focuses on investments in Asia.

"We are pleased to work with Arrowpoint Investment Partners as they grow their innovative fund," said Michael Li, Managing Director, Head of SS&C GlobeOp, APAC. "As the hedge fund market evolves, multi-strategy vehicles attract much investor interest. These vehicles can be complex to manage, as multiple asset classes, fee structures and reporting requirements are involved. We look forward to working with Arrowpoint to alleviate those operational stresses so the team can focus on investing."

Learn more about SS&C's multi-manager fund solutions here.

About Arrowpoint Investment Partners

Arrowpoint is an investment firm building a differentiated Asia-focused, multi-strategy platform. Learn more at https://arrowpointfund.com/

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C

FAQ

What is the value of the fund that SS&C (SSNC) will administer for Arrowpoint Investment Partners?

SS&C will administer Arrowpoint Investment Partners' flagship $1 billion multi-strategy fund.

How many portfolio managers does Arrowpoint's fund managed by SS&C (SSNC) employ?

The fund leverages 18 portfolio managers across Hong Kong and Singapore.

What investment strategies does SS&C (SSNC) manage for Arrowpoint's fund?

SS&C manages administration for multiple strategies including fundamental and quant approaches across equities, fixed income, and commodities.

Which regions does the Arrowpoint fund administered by SS&C (SSNC) focus on?

The fund focuses on investments in Asia, with operations in Hong Kong and Singapore.

What services will SS&C (SSNC) provide to Arrowpoint Investment Partners?

SS&C will provide fund administration services, handling multiple asset classes, complex fee structures, and managing reporting requirements for multi-manager vehicles.