Ss&C Technologies Stock Price, News & Analysis

SS&C Technologies announced the launch of the ALPS Global Travel Beneficiaries ETF (JRNY), which aims to provide diversified exposure to the growing global travel industry. The ETF tracks the S-Network Global Travel Index and invests in various sectors including airlines, hotels, and travel-related services.

This investment opportunity comes as global travel spending is anticipated to rise with the expansion of the middle class. The ETF's strategy focuses on quality and growth factors to identify attractive investments in the travel sector.

SS&C Technologies, a leader in software for financial services and healthcare, will attend several investor conferences. Notable presentations include Rahul Kanwar, President, on Sept 9 at the D.A. Davidson Software and Internet Conference at 1:50 pm ET, and Patrick Pedonti, CFO, on Sept 14 at the Jefferies Software Conference at 3:00 pm ET. Additionally, Bill Stone, CEO, will hold one-on-one meetings at the UBS Virtual Fintech Conference on Sept 16. Webcasts will be accessible on SS&C's investor relations website.

SS&C Technologies Holdings, Inc. predicts a significant increase in mergers and acquisitions (M&A) volume for Q4 2021, forecasting a growth of over 10% compared to Q4 2020. Latin America is expected to demonstrate notable M&A activity. Regions like Asia Pacific, Europe, and North America are also projected to see growth exceeding 10%. The SS&C Intralinks Deal Flow Predictor suggests strong early-stage deal activity with an average public announcement timeline of six months. SS&C has facilitated over $34.7 trillion in financial transactions.

SS&C Technologies Holdings has appointed Jason White as the new General Counsel, succeeding Joseph Frank, who resigned on August 31, 2021. Jason, with a background as a finance partner at Shearman & Sterling LLP, will report to Bill Stone, Chairman and CEO, overseeing the legal department and serving as Corporate Secretary. Bill Stone expressed confidence in Jason's capabilities to address the challenges of the role, while thanking Joe Frank for his contributions. This leadership change aims to strengthen SS&C's legal operations.

RiverNorth Opportunities Fund (RIV) announced that shareholders voted against converting the fund from a closed-end to an open-end investment structure during the meeting on August 20, 2021. CEO Patrick Galley expressed satisfaction with the outcome, suggesting that the closed-end structure is more beneficial for generating long-term risk-adjusted returns. The Fund will continue to operate under its current closed-end format, which does not allow continuous share issuance. ALPS Advisors serves as the investment adviser, while RiverNorth Capital Management acts as the sub-adviser.

SS&C Technologies (Nasdaq: SSNC) announced that KIM Vietnam Fund Management has chosen Eze OMS to enhance its operations. KIM Vietnam, which manages eight investment funds with approximately 2 billion USD in assets, seeks to optimize its workflow across diverse asset classes. The Eze OMS platform offers advanced modeling, compliance, and real-time data management. This collaboration aligns with SS&C's strategy of supporting investment managers in Asia, further solidifying its market presence.

SS&C Technologies Holdings has surpassed 100 clients using its Precision LM™ software for lending operations, adding 20 new clients in the past year. This growth aligns with increased private credit lending activities among banks and non-bank lenders. The software enhances efficiency by addressing challenges like document standardization and regulatory requirements. Recent enhancements include a mobile-friendly platform, multi-currency functionality, and AI-driven management features. The company aims to expand its capabilities to meet evolving market demands.