Welcome to our dedicated page for Ss&C Technologies news (Ticker: SSNC), a resource for investors and traders seeking the latest updates and insights on Ss&C Technologies stock.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) is a global provider of services and software for the financial services and healthcare industries. Founded in 1986 and headquartered in Windsor, Connecticut, the company is frequently in the news for developments across fund administration, wealth management technology, corporate actions and capital markets activity.
This SSNC news page highlights press releases and third-party coverage related to SS&C’s business. Readers can follow announcements about earnings release schedules, quarterly and full-year results, and dividend declarations on the company’s common stock. SS&C regularly files Form 8-K reports to furnish earnings information and to disclose material events such as acquisitions and financing arrangements.
News items also cover SS&C’s role in fund administration and indices through SS&C GlobeOp, including monthly publications of the SS&C GlobeOp Forward Redemption Indicator and related hedge fund indices. These updates provide insight into redemption activity, capital movements and performance trends for hedge funds administered on the SS&C GlobeOp platform.
In addition, SS&C issues news on strategic initiatives such as the expansion of its European wealth management capabilities via MiFID authorization in Ireland, technology enhancements like integrations within SS&C Black Diamond Wealth Solutions, and client wins where fund managers select SS&C for administration and operational support. Subsidiary activity, including SS&C ALPS Advisors’ involvement with closed-end funds and exchange-traded funds, also appears in related releases.
Investors, analysts and industry participants can use this page to monitor ongoing corporate developments, product and platform updates, index publications and other events that may influence their view of SS&C’s operations and strategic direction.
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.
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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.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported its GlobeOp Forward Redemption Indicator for August 2021 at 2.24%, an increase from 1.81% in July. This is a significant improvement compared to 3.08% a year prior and marks the 14th consecutive month of lower year-over-year redemptions, the lowest August level since the indicator began in 2008. The data reflects investor confidence and continued growth in hedge fund assets, following a sustained upward trend since the COVID-19 market impacts.
SS&C Technologies Holdings (Nasdaq: SSNC) announced a quarterly dividend of $0.16 per share, aligning with its dividend policy. The dividend is due on September 15, 2021, for stockholders recorded by September 1, 2021. SS&C, headquartered in Windsor, Connecticut, serves around 18,000 organizations in the financial services and healthcare sectors worldwide.
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