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WINDSOR, Conn., March 20, 2013 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Sabby Capital has successfully been live for 18 months with SS&C GlobeOp as its administrator for the two fund complexes that it manages.
New Jersey-based Sabby Management, LLC, an investment manager run by Hal Mintz, launched two fund complexes in September and November of 2011. The funds currently manage in excess of $200 million and focus on the healthcare sector. The two funds are being administered out of SS&C GlobeOp's Evansville, Indiana office which also opened in 2011. The Evansville office provides a full range of fund accounting services to hedge funds, fund of funds, managed accounts and private equity funds including NAV preparation, cash and security reconciliations, and investor services.
"We have been a client of SS&C (now SS&C GlobeOp) since our inception 18 months ago and have been extremely satisfied with the service we have received. We would unequivocally recommend SS&C GlobeOp," said Robert Grundstein, COO and General Counsel, Sabby Management, LLC.
"Sabby was looking for a reputable and knowledgeable service provider to serve it effectively," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We are pleased Sabby selected SS&C GlobeOp as its fund administrator and we look forward to providing quality solutions designed to fit its organization."
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 5,500 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.