Sat, Mar 25, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He