Singaporean hedge fund firm Arrowpoint Investment Partners has collaborated with SS&C Technologies to administer its flagship fund.

SS&C GlobeOp has been picked as the administrator of this $1bn multi-strategy fund.

The vehicle, managed by 18 portfolio managers across Hong Kong and Singapore, deploys a variety of investment strategies.

Arrowpoint was established by former Millennium Asia co-CEO Jonathan Xiong.

The Asia-focused firm integrates fundamental and quantitative strategies across equities, fixed income, and commodities.

Arrowpoint chief operating officer Woon Young Jeong said: “We needed an administrator who was deeply familiar with multiple asset classes, complex fee structures, and managing reporting requirements for investors of multi-manager vehicles.

“SS&C’s cutting-edge technology and professional and knowledgeable support team make it an ideal partner to service our fund.”

SS&C GlobeOp APAC head and managing director Michael Li said: “As the hedge fund market evolves, multi-strategy vehicles attract much investor interest. These vehicles can be complex to manage, as multiple asset classes, fee structures and reporting requirements are involved.”

Set up in 1986, SS&C serves over 22,000 organisations worldwide, ranging from large corporations to small and mid-market firms. The firm is based in Windsor, Connecticut.

Earlier this month, SS&C acquired non-depository trust company FPS Trust, strengthening its offerings for institutional clients. Financial details of the transaction were not revealed.

FPS Trust, headquartered in Centennial, Colorado, focuses on “high-volume” beneficiary distributions, paying agent services as well as tax processing solutions.

The business will now operate within SS&C Innovest.

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