Boothbay Fund Management, a global investment firm known for using a wide range of strategies, has selected SS&C GlobeOp to serve as its fund administrator. This decision is part of Boothbay’s plan to expand and improve how it manages its operations. The firm currently oversees more than $2.5 billion in assets, spread across over 140 separately managed accounts. By partnering with SS&C, Boothbay aims to strengthen its infrastructure and better manage the complexity that comes with working across multiple investment strategies.
Boothbay’s approach to investing centers on diversification and protecting against losses. The firm actively adjusts its portfolio based on real-time data about risk and potential returns, enabling it to remain flexible and responsive to changing market conditions. SS&C will assist Boothbay by providing support for middle office functions, which include tasks like trade processing and risk management, as well as handling accounting and reporting responsibilities.
In addition to these services, Boothbay also uses SS&C Battea, a specialized tool that helps with processing and recovering settlement claims related to securities class-action lawsuits. This adds another layer of efficiency and protection to Boothbay’s operations, assisting the firm in recovering funds that might otherwise be lost in legal proceedings.
Overall, the partnership with SS&C is expected to help Boothbay scale its business more effectively while continuing to focus on smart, data-driven investment decisions.
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“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.”
Boothbay COO Mike Weaver
“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.”
Jason Costa, SS&C GlobeOp’s Head of Hedge Fund Services, Americas
