United States : Alternative Investment Group Selects SS&C Fund Services.Byline: Mamta03 SS&C Technologies, a global provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. software and software-enabled services, today announced Alternative Investment Group, an independent investment management firm with US$1.6 billion assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , has appointed SS&C Fund Services to handle the fund administration and accounting for its funds of hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" . SS&C will provide Alternative Investment Group with independent fund accounting and net asset value calculation as well as financial reporting services, leveraging their proprietary software suite. "After an extensive search, we chose SS&C Fund Services because we believe that SS&C's proven technology and expertise could best meet our need for a trusted independent partner," said Marita Wein, partner, Alternative Investment Group. "In addition, we were already using SS&C's FundRunner application for our investor relationship management activities and were impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with synergies between our existing infrastructure and their services." "Independent third party accounting services continue to be in high demand from investors and reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil firms such as Alternative
Investment Group," said Bill Stone, chairman and chief executive
officer, SS&C Technologies. "We are delighted that Alternative
Investment Group has chosen SS&C to manage their platform and we
look forward to working together."
Copyright : Euclid Euclid, Greek mathematician Euclid (y  `klĭd), fl. 300 B.C., Greek mathematician. Infotech Pvt. Ltd.
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