Wexford Capital has selected SS&C GlobeOp to provide an expanded suite of services including middle-office, back-office, regulatory reporting and investor solutions for Wexford’s private-equity funds and hedge funds.
SS&C previously delivered various back-office services to support Wexford’s hedge funds. In order to deliver the revised agreement SS&C will hire a number of Wexford employees to the team that will service Wexford.
“We conducted an extensive due diligence process over several months and were impressed with the commitment of SS&C to the business and their technology platform,” said Joseph Jacobs, president of Wexford Capital.
“We believe that the extension of our strategic partnership will bring us greater operational leverage and scale.”
“This is an exciting opportunity for both companies and we appreciate Wexford’s selection of SS&C for these mission-critical processes,” said Bill Stone, chairman and CEO of SS&C Technologies.
Wexford, headquartered in Connecticut, US, manages over $4bn in assets.