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RiverNorth Capital Management, LLC Selects SS&C’s Front-to-Back Solution

  • Leading Opportunistic Investment Strategies Specialist Streamlines Operations for $5.3 Billion Portfolio

SS&C Technologies Holdings, Inc. announced that RiverNorth Capital Management, LLC , a leading opportunistic strategy investment manager, has chosen SS&C’s front-to-back solution to manage its $5.3 billion portfolio. SS&C will provide front-, middle- and back-office services for RiverNorth’s registered funds, private funds and institutional SMAs portfolios.

“We were looking for a solution to simplify and streamline operations and reporting, and SS&C delivered,” said Jon Mohrhardt, President and Chief Operating Officer, RiverNorth. “With SS&C’s front-to-back solution, we have access to a single source of reconciled data across our enterprise, leading to better transparency.”

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RiverNorth uses SS&C as its fund administrator for its ’40 Act and private fund portfolios. When RiverNorth decided to integrate its entire operation on a single front-to-back platform, it turned to SS&C.

SS&C’s solution leverages best-in-class components in the front office, including Eze OMS for order management, modeling and pre-/post-trade compliance and Eze EMS for trade execution and analytics. In addition, the technology tightly integrates with SS&C fund administration services to handle trade administration, corporate actions, reconciliations, portfolio accounting and valuations, delivering a fully reconciled Investment Book of Record (IBOR). RiverNorth will also leverage CORE Sightline for performance measurement and data management. All tools work together seamlessly to deliver straight-though processing to power RiverNorth’s workflows and reporting.

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“We are thrilled to expand our relationship with RiverNorth Capital Management,” said Una Troy, Head of SS&C ALPS Fund Services. “SS&C leverages the extensive power of our technologies and our deep expertise to create solutions to solve our clients’ operational challenges. With SS&C’s front-to-back offering, our clients can fully focus on growing their business while we take care of the rest.”

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