Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Maples Fund Services uses Advent system

Tuesday, March 29, 2011

Chris Momsen
Opalesque Industry Update - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, has announced that Maples Fund Services is leveraging Geneva®, Advent’s award-winning global portfolio management and fund accounting solution, to provide enhanced services to its clients.

Maples is an independent global fund services provider with assets under administration of $30 billion. The firm has expanded its services beyond traditional fund administration to offer enhanced reporting and middle-office capabilities. Maples implemented Geneva® to link its global offices on a single, real-time portfolio accounting platform. As a result, through the use of Geneva® along with proprietary technology developed by Maples, the firm is able to provide the detailed, timely reporting and middle-office capabilities that investment managers require.

“Alternative fund managers face unprecedented reporting requirements and investor due diligence, and they are turning to their administrators for support,” said Chris Momsen, Senior Vice President and General Manager of Global Accounts at Advent. “Many fund managers are finding that they lack the middle-office infrastructure to produce the kind of detailed reporting that investors expect and regulators require. Enhanced middle-office functionality is a key feature of the latest version of Geneva®, which further expands the services that Maples and other administrators can offer.”

Maples’ clients around the world can access Geneva® reports and bespoke dashboards to get a comprehensive picture of activity across multiple portfolios at any time, including:

  • NAV overviews and P&L monitoring
  • Cash positions and projections
  • Liquidity reporting
  • Compliance monitoring
  • Performance attribution analyses
  • Trade allocation support
  • Collateral management and counterparty exposure

“Investment managers have very customized ways of doing things and a one-size-fits-all approach to middle-office services just doesn’t work,” said Tyler Kim, Chief Information Officer, Maples Fund Services. “We work with our investment management clients to introduce best practices into their operations, help re-engineer their processes, and provide access to the information necessary to execute their investment strategies. Geneva® is instrumental in helping us provide that level of service for our clients.” www.advent.com

Press Release
bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will