WINDSOR, Conn., June 14, 2021
/PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq:
SSNC) today announced that RiverNorth Capital Management, LLC
(RiverNorth), a leading opportunistic strategy investment manager,
has chosen SS&C's front-to-back solution to manage its
$5.3 billion portfolio. SS&C will
provide front-, middle- and back-office services for RiverNorth's
registered funds, private funds and institutional SMAs
portfolios.
"We were looking for a solution to simplify and streamline
operations and reporting, and SS&C delivered," said
Jon Mohrhardt, President and Chief
Operating Officer, RiverNorth. "With SS&C's front-to-back
solution, we have access to a single source of reconciled data
across our enterprise, leading to better transparency."
RiverNorth uses SS&C as its fund administrator for its '40
Act and private fund portfolios. When RiverNorth decided to
integrate its entire operation on a single front-to-back platform,
it turned to SS&C.
SS&C's solution leverages best-in-class components in the
front office, including Eze OMS for order management, modeling and
pre-/post-trade compliance and Eze EMS for trade execution and
analytics. In addition, the technology tightly integrates with
SS&C fund administration services to handle trade
administration, corporate actions, reconciliations, portfolio
accounting and valuations, delivering a fully reconciled Investment
Book of Record (IBOR). RiverNorth will also leverage CORE Sightline
for performance measurement and data management. All tools work
together seamlessly to deliver straight-though processing to power
RiverNorth's workflows and reporting.
"We are thrilled to expand our relationship with RiverNorth
Capital Management," said Una Troy,
Head of SS&C ALPS Fund Services. "SS&C leverages the
extensive power of our technologies and our deep expertise to
create solutions to solve our clients' operational challenges. With
SS&C's front-to-back offering, our clients can fully focus on
growing their business while we take care of the rest."
About RiverNorth Capital Management, LLC
RiverNorth is an investment management firm founded in 2000 that
specializes in opportunistic strategies in niche markets where the
potential to exploit inefficiencies is greatest. RiverNorth is an
institutional investment manager to registered
funds, private funds and separately managed accounts.
Learn more at https://www.rivernorth.com
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 18,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale, and technology.
Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.
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SOURCE SS&C