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, Inc. (Nasdaq: SSNC) reported that the SS&C GlobeOp Forward Redemption Indicator for November 2020 stands at 3.63%, a rise from 2.84% in October. This number represents a decrease from 4.81% in November 2019, marking the lowest November figure since 2011. The data indicates a positive trend in hedge fund asset retention as investor confidence remains strong post-COVID-19. The next Indicator publication is set for December 21, 2020.
SS&C Technologies announced a quarterly dividend of $0.14 per share, aligned with its dividend policy. This payout is scheduled for December 15, 2020, to stockholders on record as of December 1, 2020. The company's consistent dividend commitment reflects confidence in its financial stability, catering to over 18,000 clients across financial services and healthcare sectors.
On November 17, 2020, SS&C Technologies (Nasdaq: SSNC) announced significant updates to its SS&C Advent solutions, enhancing user experience and operational workflows. Key releases include:
- Advent Outsourcing Services with improved visibility of operational workflows.
- Advent Portfolio Exchange featuring streamlined portfolio management.
- Advent Revenue Center reducing processing times by up to 80%.
- Geneva introducing real-time data updates and machine learning enhancements.
These innovations aim to position clients advantageously in market opportunities.
SS&C Technologies (Nasdaq: SSNC) announced its speaker lineup for the Alternative Investments Global Virtual Summit 2020 on December 10, 2020. The event will feature industry leaders including David M. Rubenstein, Orlando Bravo, and Sam Zell, moderated by Steve Leisman from CNBC. Participants can engage in discussions covering key topics such as private equity strategies, fundraising, due diligence, and ESG. The summit is expected to attract approximately 4,000 professionals globally, enhancing networking among investment professionals.
SS&C Technologies (Nasdaq: SSNC) announced that Rahul Kanwar, President and COO, will speak at Citi's 2020 Virtual Financial Technology Conference on November 16, 2020, at 10:30 am ET. The presentation will focus on the company’s innovative software and services for the financial and healthcare sectors. A webcast of the event will be available on SS&C's investor relations website.
Founded in 1986 and headquartered in Windsor, Connecticut, SS&C supports over 18,000 organizations, catering to various market needs globally.
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RiverNorth Opportunities Fund, Inc. (NYSE: RIV) has successfully completed its rights offering, issuing 575,706 new common shares. The offering, which closed on November 6, 2020, generated approximately $8.1 million in gross proceeds at a subscription price of $14.08 per share. As of September 30, 2020, the Fund had $140.3 million in net assets and 9.4 million shares outstanding. The Fund's goal is total return through capital appreciation and current income, with investors advised to review associated risks and fees before investing.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced that its cloud-based investment management platform, Eze Eclipse, has acquired over 150 clients. The platform has witnessed a significant boost, more than doubling its client base among hedge funds and asset managers in the past year, maintaining a 100% client retention rate. Recent enhancements include faster trade entry and a mobile app for investment activities. Ennio Carboni has been appointed to lead product and engineering for Eclipse, bringing experience from VMWare.
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RiverNorth Opportunities Fund (NYSE: RIV) announced preliminary results of its rights offering, which expired on November 6, 2020. The fund received subscriptions for 575,813 shares, anticipating gross proceeds of approximately $8.1 million. The final subscription price was set at $14.08 per share, slightly below the initial estimate of $14.18. Excess payments from rights holders will be returned promptly. The fund's net assets stood at about $140.3 million as of September 30, 2020.