SS&C wins mandate from Aussie boutique fund manager

Fundamental Investment Management, a Sydney-based boutique investment management firm, has mandated SS&C Technologies for its inaugural Fundamental Smaller Companies Fund.

SS&C will provide fund administration and unit registry services for the fund.

Fundamental Investment Management specialises in managing money in the Australian smaller companies sector. The firm was founded by investment director Anton Tagliaferro and senior portfolio manager Simon Conn.

"When we made the decision to start a new firm to help investors capture those returns, we knew we needed to find the right support to help us bring that strategy to market," Tagliaferro said.

"SS&C's administration and registry platform enabled us to launch with institutional-quality infrastructure from day one, allowing us to focus our attention on serving our clients and working with our portfolio companies to deliver returns."

The fund, launched in July, seeks to deliver long-term returns for investors by applying a research-driven value strategy.

"We are thrilled to support Fundamental Investment Management in bringing their inaugural fund to market," SS&C Technologies head of global investor and distribution solutions across Asia Pacific, Middle East and Africa Damien Barry said.

"Australia is a key market for SS&C, with roughly 1600 staffers on the ground providing transfer agency and administration to nearly 100 Australian funds. We look forward to working together to optimize and scale Fundamental IM's operations as the firm grows."

SS&C global chair and founder Bill Stone spoke to Financial Standard last year on the firm's intention to become the premier administration provider in Australia.

"We're here, we'll be around. We're not going anywhere, and we like to win," Stone said at the time.

Earlier in the year, Royal London Asset Management extended its mandate with SS&C Technologies to provide its fund administration and unit registry services for its new range of Australian active funds, with around $1 billion in assets under management.