Mon, Nov 30, 2015
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.”


Press Release

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November