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

Advent supports carrhae capital in growth ambitions

Tuesday, March 06, 2012
Opalesque Industry Update:Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Carrhae Capital LLP has gone live on Advent’s hedge fund solution to support growth and maximize efficiency and transparency.

Based in London, Carrhae Capital was one of the high profile launches of 2011 and is backed by one of the hedge fund industry’s major seeders. Carrhae Capital began implementing Advent‘s solution in mid-October 2011 to benefit from its robust technology and the depth of its functional capabilities, such as real-time dashboards and reports for accurate P&L, streamlined cash, position and transaction reconciliation, and full synthetic equity asset class coverage. Carrhae Capital launched the Carrhae Capital Master Fund in December 2011.

“We chose Advent for the strength of its technology infrastructure, its reputation in the UK hedge fund market and its integration to all the main counterparties, as the most efficient system to help us accelerate our ability to grow our firm,” said Adrian Headon, COO of Carrhae Capital. “We are confident that Advent will help us scale and continually meet the requirements of the most demanding institutional investors.”

“Being selected by Carrhae Capital further validates Advent’s reputation in the UK hedge fund market as a leading portfolio management solution, and underscores our growing success and traction with local firms,” said Håkan Valberg, senior vice president and general manager, Advent Software EMEA. “The rapid time to market and low cost of ownership reinforce the continued appeal of our solutions for startup hedge funds in the UK.”

Advent Software

Press Release

BM

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