SS&C Technologies has acquired Texas-based Hedgemetrix, a boutique full-service fund administrator providing accounting, tax, and consulting services to domestic and offshore hedge funds, private equity funds, funds of funds and their investment managers.
Upon completion of the acquisition Hedgemetrix will operate as part of the SS&C GlobeOp business.
SS&C’s latest acquisition strengthens SS&C’s global fund administration business, SS&C GlobeOp, establishes a presence for the company in Dallas and gives SS&C GlobeOp local expertise to offer fund services in the Southwest region.
“This is an exciting growth story for us,” says Jacqueline Freeman, co-founder, Hedgemetrix. “We are thrilled to become part of SS&C GlobeOp and to be able to offer expanded services to our customers as well as expanded career opportunities for our staff.”
“Like SS&C GlobeOp, Hedgemetrix is focused on fund services, with an excellent reputation for high quality service performed by extremely knowledgable and professional staff,” says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "As the leader in independent fund services, we are well positioned with this new acquisition to enhance the services options we provide to our existing customers. SS&C GlobeOp increases our footprint in the south and is an important part of our growth in the US.”