Wed, Sep 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Advent's Geneva 8.5 empowers global hedge fund industry

Tuesday, May 24, 2011
Advent Software, Inc., a leading provider of software and services for the global investment management industry, today unveiled a major new release of Geneva®, Advent’s award-winning global portfolio management and fund accounting solution. With the 8.5 enhancements, Geneva is one of the only solutions available that provides portfolio through fund and investor-level accounting on a single platform and extends the product’s portfolio management functionality into the front- and middle-office, making it a compelling offer for alternative investment firms worldwide.

Geneva® 8.5 includes integrated solutions that meet the needs of new market segments, including family offices, private equity firms and fund-of-funds, and are available on a single platform to help simplify operations and reduce total cost of ownership. By extending capabilities into the front-office, Geneva® makes real-time data accessible to traders and portfolio managers, providing increased transparency and enabling informed investment decisions.

Key enhancements to Geneva® include:

  • Real-time P&L and exposure views that allow firms to make important, strategic business decisions without delay
  • Simplified tools to easily build, customize, and deploy dashboards and reports
  • Unparalleled data access and the ability to deliver exceptional client service using industry-standard reporting tools
  • Private equity support, including capital commitment and call processing, waterfall calculations and capital distributions, which enable firms to increase their diversification of funds
  • n-Tier fund structure support, to make it easier to set-up and manage complicated, multi-tiered fund structures
  • Fully integrated investment and investor accounting support on a single platform, which lowers total cost of ownership by reducing operational overhead typically required to maintain and integrate disparate systems
“We see an increasing convergence between private equity and hedge funds, with more managers offering both types of investment structures,” said Bob Schwartz, chief technology officer, GlobeOp Financial Services. “Our technology platform is both a distinct competitive advantage and a source of confidence for our clients. As the only industry accounting product that facilitates investor statements that reflect both hedge fund and equity investments, Geneva 8.5 can play an important role as we support our clients’ changing needs.”

“We simplify the processing and management of complex assets so firms can stay focused on making the best investment decisions for their clients,” said Todd Gottula, Senior Vice President and General Manager of Global Accounts at Advent. “Geneva 8.5 is another milestone in our ongoing effort to develop and deliver a complete portfolio management solution to help professionals at every level, at all types of firms, be successful.”

Source

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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style