What does SS&C GlobeOp do?
SS&C GlobeOp, a business division of SS&C Technologies, is a leading global provider of cloud-based fund services, technology and mobility-enabled infrastructure for hedge funds, fund of funds, private equity and managed account managers.
What does fund accountant do?
A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording.
Who are the largest fund administrators?
ENTITIES
- BNY Mellon.
- Citco Fund Services.
- Citi.
- eVestment Alliance, LLC.
- Goldman Sachs.
- J.P. Morgan.
- Morgan Stanley.
- Northern Trust Corporation.
What does a fund administrator do?
Essentially, a fund administrator is an outsourced third party service provider that protects the interests of investors by independently verifying the assets and valuation of the fund. By outsourcing the fund administration function, fund managers are allowed the freedom to focus on portfolio management internally.
How many fund administrators are there?
Estimates in the United States alone are that there are somewhere between 300 – 500 fund administrators.
Should I be a Fund Accountant?
Yes, it can be a good job. Major thing to be careful about: exit opportunities. If you live in an area with lots of investment funds/hedge funds/VC/PE/mutual funds/etc, then it won’t be a problem, and there are probably a lot of people with heavy experience in the field.
Is funding accounting stressful?
Accounting is known as one of the more boring jobs in financial services. Unlike other roles, it’s heavy on routine and offers little to no client-facing time. The good news is that accounting finished as the least stressful job across the industry in our informal survey last year.
How difficult is fund accounting?
Fund Accounting is tough. And the career path in fund accounting is also tough. You can go into financial reporting, become a supervisor, or maybe move into the investment or corporate accounting side or compliance side.