SS&C completes Citi acquisition

SS&C Technologies Holdings reports that it has completed the approximately US$321 million acquisition of Citi’s Alternative Investor Services Business, a provider of hedge fund and private equity fund administration services.

Said Bill Stone, chairman and chief executive officer, SS&C Technologies: “The combination will create a worldwide fund administration powerhouse. The combined entity will have over $1 trillion in assets under administration. We intend to extend our lead in globally delivered, technologically advanced fund services.”