Key Takeaways
- • Lexington Capital Management LP, a Lakewood, New Jersey-based hedge fund manager with over $1 billion in assets under management, has selected SS&C GlobeOp as its fund administrator, expanding an existing technology relationship.
- • SS&C will provide comprehensive fund administration services spanning investment operations, middle-office trade reconciliation, regulatory reporting, and investor servicing across Lexington's commingled funds and five separately managed accounts.
- • The engagement reflects Lexington's rapid business expansion; the firm initially used SS&C's Eze OMS platform and scaled to include full fund administration as assets and separately managed account offerings grew.
- • SS&C GlobeOp's platform features AI-enabled Trade Reconciliation Agent technology operating continuously in a secure cloud environment, with LLM access governed through SS&C's AI Gateway, enabling faster and more accurate trade processing and NAV reporting.
- • Yitz Berger, Lexington's CFO, emphasized that rapid reporting capabilities and accurate investor reporting are critical for attracting institutional capital as the firm continues to expand operations.
Summary
Lexington Capital Management LP has selected SS&C GlobeOp as its fund administrator, consolidating the hedge fund manager's technology infrastructure with the industry-leading provider. SS&C Technologies Holdings, Inc. announced the engagement on August 18, 2026, confirming that the Lakewood, New Jersey-based firm has appointed GlobeOp to manage fund administration services across more than $1 billion in assets under management.
The Lexington-SS&C relationship reflects an expansion of an existing partnership. Lexington initially implemented SS&C's Eze OMS (order management system) platform. As the firm's business scaled—particularly with the addition of separately managed accounts—Lexington expanded its technology footprint to include SS&C GlobeOp's comprehensive fund servicing capabilities. SS&C will now provide a full suite of services including investment operations, middle-office trade reconciliation, fund administration, regulatory reporting, and investor servicing across both commingled funds and five separately managed accounts.
Lexington Capital Management focuses on absolute return strategies designed to deliver double-digit annualized returns with low volatility, positioning itself as an alternative investment vehicle targeting institutional capital. According to Yitz Berger, the firm's Chief Financial Officer, rapid business growth has intensified operational and reporting demands. "Our business has grown rapidly in the last year, and so have our reporting needs," Berger stated. "SS&C GlobeOp's front-to-back fund servicing platform enables us to quickly streamline and scale our operations. The platform's ability to deliver NAV and other detailed investor reports quickly and accurately are crucial in helping us attract institutional investors."
SS&C GlobeOp's platform emphasizes automation and cloud-based infrastructure. The solution features an AI-enabled Trade Reconciliation Agent that operates continuously to process trade confirmations with enhanced speed and accuracy. The platform is hosted in a secure cloud environment, with large language model access routed through SS&C's AI Gateway governance framework, addressing both operational efficiency and compliance requirements. This technological architecture reflects industry momentum toward automated middle-office operations and real-time reporting capabilities—key competitive advantages for hedge fund managers seeking to scale institutional assets.
The engagement underscores SS&C's market position as a critical technology partner for mid-market and growth-stage alternative investment managers. For Lexington Capital Management, the transition represents an operational consolidation designed to support continued institutional fundraising and business expansion while maintaining the operational rigor required by sophisticated investors.
The Lexington-SS&C relationship reflects an expansion of an existing partnership. Lexington initially implemented SS&C's Eze OMS (order management system) platform. As the firm's business scaled—particularly with the addition of separately managed accounts—Lexington expanded its technology footprint to include SS&C GlobeOp's comprehensive fund servicing capabilities. SS&C will now provide a full suite of services including investment operations, middle-office trade reconciliation, fund administration, regulatory reporting, and investor servicing across both commingled funds and five separately managed accounts.
Lexington Capital Management focuses on absolute return strategies designed to deliver double-digit annualized returns with low volatility, positioning itself as an alternative investment vehicle targeting institutional capital. According to Yitz Berger, the firm's Chief Financial Officer, rapid business growth has intensified operational and reporting demands. "Our business has grown rapidly in the last year, and so have our reporting needs," Berger stated. "SS&C GlobeOp's front-to-back fund servicing platform enables us to quickly streamline and scale our operations. The platform's ability to deliver NAV and other detailed investor reports quickly and accurately are crucial in helping us attract institutional investors."
SS&C GlobeOp's platform emphasizes automation and cloud-based infrastructure. The solution features an AI-enabled Trade Reconciliation Agent that operates continuously to process trade confirmations with enhanced speed and accuracy. The platform is hosted in a secure cloud environment, with large language model access routed through SS&C's AI Gateway governance framework, addressing both operational efficiency and compliance requirements. This technological architecture reflects industry momentum toward automated middle-office operations and real-time reporting capabilities—key competitive advantages for hedge fund managers seeking to scale institutional assets.
The engagement underscores SS&C's market position as a critical technology partner for mid-market and growth-stage alternative investment managers. For Lexington Capital Management, the transition represents an operational consolidation designed to support continued institutional fundraising and business expansion while maintaining the operational rigor required by sophisticated investors.
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