Boothbay Fund Management has appointed SS&C GlobeOp as fund administrator for its $2.5bn multi-manager platform, which oversees more than 140 separately managed accounts, according to a report by Alternatives Watch.
Under the mandate, SS&C will provide middle-office support, accounting and reporting services to help Boothbay streamline operations and scale its business. The firm will also leverage SS&C Battea for securities class-action settlement claim processing and recovery.
“Multi-strategy platforms need efficiency, automation and speed in their operations,” said Jason Costa, Head of Hedge Fund Services, Americas, at SS&C GlobeOp. “Our scalable front-to-back platform is designed to manage complex fee structures and reporting requirements, while improving accuracy and workflow.”
Boothbay, which dynamically optimises portfolio exposures using real-time analytics, said the move will allow it to automate derivatives processing and integrate data across downstream systems.
