01/02/2012 Author: Will Wainewright

Exclusive - SS&C wins PD Capital mandate

Fund administrator SS&C has acquired PD Capital Management as a client after a four-week conversion from another provider, HFMWeek can exclusively reveal.

PD Capital’s flagship fund, PD Star, will now be serviced by the top-ten administrator, which looks after investment assets worth $228bn, including a single manager hedge fund component of $120bn.

The UK-based manager invests in Asian equity markets using arbitrage strategies, many of which involving the heavy use of short term directional risk.

David Disbrey, founder and managing director, said: “SS&C’s superior technology, proven conversion track record, and attention to detail in the preparation stages are the primary reasons we chose to migrate our business. We are very impressed with SS&C’s delivery of fast and accurate NAV calculations, a significant improvement over our previous administrator.”

Sources would not disclose the name of the previous administrator nor the exact size of the fund manager.