AFTAs 2017: Best Collaboration Initiative—SS&C Advent and Maitland
The collaboration led to the integration of the firms' seperate data management solutions.
In 2016, the AFTAs introduced the best collaboration initiative category, with the inaugural win going to MTS Markets and Bloomberg, thanks to the MTS BondsPro rollout on Bloomberg’s fixed-income execution management system, TSOX.
This year, the jury gave the award to SS&C Advent and Maitland for their partnership which resulted in the integration of Maitland’s Avatar Fund Manager (AvatarFM) portal with the Geneva World Investor platform.
The win went to SS&C Advent and Maitland for a number of reasons. First, the two firms had a clear and specific business plan in mind before they proceeded with their alliance—they wanted to move into the emerging realm of hybrid fund structures, which tend to focus solely on illiquid investments, such as distressed debt, collateralized loan obligations and bank debt.
An initial investigation of the market by the partners revealed that it was beset by complex operational and data management requirements. By combining their services, the two companies offered a solution that addresses the market’s needs, as it combines the best features of each product. Geneva World Investor is an all-in-one system that allows investors to directly access complex asset classes, offering support for portfolio and investor accounting.
The integration of Maitland’s AvatarFM portal with its key data warehousing, client reporting and CRM components, proved to be useful for the administration of hybrid structures. More specifically, the combined solution offers end-to-end functionality that allows fund managers and administrators to streamline their investor servicing workflows with a single, centralized source for investor data. It also ensures timely and accurate investor accounting, calculates performance incentive fees, and delivers automated reporting.
Johnathan Eldridge, senior director of product management at SS&C Advent, explains that the collaboration will be extended, with the two firms planning to expand the unified solution in 2019.
“We will continue to extend the deal-by-deal workflow and the waterfall calculation capabilities,” he says. “We want to put more query and report customization power in the hands of end-users and endorse the Institutional Limited Partners Association reporting template, alleviating the manual process of meeting investor requirements around fees and expenses.”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions