Wed, Jul 23, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro

  5. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm