Boothbay Fund Management, a global multi-strategy alternative investment advisor managing over $2.5 billion in assets across more than 140 separately managed accounts (SMAs), has selected SS&C GlobeOp as its fund administrator to enhance operational scaling and efficiency. The firm will leverage SS&C GlobeOp’s platform for middle office services, accounting, and reporting.
Mike Weaver, COO of Boothbay Fund Management, stated, “As our business has grown, we’ve sought to streamline operations, consolidate processes and accelerate reporting. SS&C GlobeOp stands out in the market for its ability to administer complex multi-manager structures with sophisticated reporting needs like ours. SS&C’s platform will enable us to increasingly automate derivatives processing for faster reporting and seamless integration of data into downstream systems. SS&C’s technology and expertise will enable us to further consolidate across our vendors for increased efficiency and reduced operational risk.”
This new engagement expands Boothbay’s existing relationship with SS&C, as the firm already utilizes SS&C Battea for the processing and recovery of settlement claims in securities class-action lawsuits.
Jason Costa, SS&C GlobeOp’s Head of Hedge Fund Services, Americas, commented on the partnership, noting, “We are pleased to work with Boothbay Fund Management as they continue to expand their innovative SMA platform. Multi-strategy vehicles are attracting a lot of investor attention. These funds need efficiency, automation and speed in their operations. SS&C specializes in working with sophisticated clients like Boothbay to help them tackle the complexity of multiple fee structures and reporting requirements. Our scalable front-to-back-office platform streamlines workflows, improving speed and accuracy. With SS&C, multi-managers can focus more of their time on generating value and delivering results.”
Established in 2012, Boothbay Fund Management is an alternative investment advisor that focuses on integrating non-correlated positive expectancy strategies into a unified portfolio. The firm aims to create value for investors through diversification and downside protection, utilizing proprietary technology and industry expertise to identify alpha sources while adhering to a strict risk management philosophy. Boothbay dynamically optimizes its portfolio exposures based on real-time risk and return analytics.
SS&C Technologies Holdings, Inc. is a global provider of services and software primarily for the financial services and healthcare industries. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C serves over 22,000 organizations worldwide with its expertise, scale, and technology solutions.
