As part of its overall full service offering and expansion strategy, Fulcrum migrated its accounting platform to GenevaÂ® 7.0, the leading portfolio management system designed to support complex global investment strategies. With comprehensive instrument coverage, multi-currency capabilities and profit and loss (P&L) reporting at the security level, GenevaÂ® enables Fulcrum to stay reconciled on a daily basis and to offer a wider range of services to its clients.
âFulcrumâs strategic initiative to provide full service administration was the primary driver behind our selection of GenevaÂ® for our accounting platform,â said Chris Mulhern, Chief Operating Officer, Fulcrum Group. âAs we grow and extend our business, GenevaÂ®âs leadership position will benefit not only our overall service offering, but our business development and marketing. There are key components that will help us achieve our goal of being the gold standard administrator â our global presence, our operating model, our approach to staffing â and definitely our use of GenevaÂ®.â
Continued Mulhern, âHistorically, Fulcrum has been known for administering many funds with complex instruments, products and strategies, and has built a reputation for this capability. The ability of GenevaÂ® to stay abreast and to handle new instruments, new strategies, and new reporting requirements made it extremely attractive.â
âWe are delighted to welcome Fulcrum as a new client. They join a global community of over 150 investment management firms who are committed to GenevaÂ® for operational efficiency,â said Chris Momsen, Vice President, Sales and Marketing and Co-Head of Global Accounts for Advent. âNot only has GenevaÂ® streamlined Fulcrumâs existing processes, but it allows them to more effectively compete.â