Hurricane Capital Advisors, a New York based start-up offering a global alternative investment management platform, has deployed SS&C Technologies’ front-to-back office solution to provide fund administration, customised middle office solutions, FIX connectivity, hosting, and order and execution management systems.
The firm expects to carry 10 portfolio managers on the platform by July 2021. “We wanted to launch our operations with a technology partner to support the complex demands of a global multi-manager strategy on a single adaptable platform,” says Chris Napoli, chief operating officer. “SS&C’s best-in-class fund administration, seamlessly integrated with advanced execution and order management systems, creates a powerful infrastructure to lean on.”
Hurricane Capital’s segregated account platform allows experienced managers to invest in various sectors, asset classes, and geographies at an institutional level. The platform also allows managers the asset control of a segregated portfolio, with risk parameters unique to their strategies. “We wanted to create an environment that would allow premier managers to access global markets with the best systems, technology, and support available. Our partnership with SS&C has allowed us to do just that,” Napoli adds.
The Hurricane Capital team is led by Adam Wolfberg, Ian Goodman, and Chris Napoli. Wolfberg and Goodman began their careers as portfolio managers at S.A.C. Capital, and both went on to create successful hedge fund enterprises. Napoli brings experience in specialty international financing and dealing expertise throughout emerging and developed Asia, Pan Europe, as well as global and domestic synthetics. Ken Grant, former CRO at S.A.C. Capital, Tudor, and the Chicago Mercantile Exchange, will advise Hurricane Capital and be responsible for platform risk management. Matt DeSalvo joins Hurricane Capital from his role as head of US Equities at Mizuho Securities.