Archstone turns to SS&C for admin/accounting

The Archstone Partnerships, a multi-strategy fund of hedge funds manager with approximately $4.7 billion under management, has appointed SS&C Fund Services to handle administration and accounting for its funds. The Archstone Partnerships selected SS&C Fund Services as its sole on- and offshore administrator, replacing its in-house system and the existing independent administrator for its offshore funds. The project was due to go live at the start of this month (January 1, 2010).