Advent Wins HFMWeek Award for Third Consecutive Year
San Francisco and London - 3 June 2011
Advent’s Geneva® Named ‘Best Fund Accounting and Reporting Systems’; Several Advent Clients Recognized for Outstanding Performance in Multiple Categories
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Geneva®, Advent’s portfolio management and fund accounting solution, was named winner in the ‘Best Fund Accounting and Reporting Systems’ category of the 2011 HFMWeek European Hedge Fund Services Awards. The 2011 award marks the third consecutive year that Advent Software been recognized as a winner in the annual HFMWeek Award program.
Among other winners across all categories, eight were notable Advent clients. Recognition by HFMWeek of these outstanding firms reinforces the value of Advent’s Geneva® as a robust, reliable and flexible solution designed to help organizations focus on what they do best – running their business and achieving results for their clients. Among Advent clients recognized by HFMWeek were Quintillion, who won the award for ‘Best Administrator Under $30bn – Overall’ and was commended for ‘Best Administrator for Technology’; and Maples Fund Services, who was named ‘Best Administrator Under $30bn – Innovation.’
Advent is committed to supporting clients’ ongoing success and recently announced a new release of Geneva® that meets the needs of the EMEA market more than ever. With these new capabilities, 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. The front- and middle-office capabilities make real-time data accessible to traders and portfolio managers, provide increased transparency and enable informed investment decisions throughout the trading lifecycle.
Tom Zdon, Vice President of Global Accounts, Solutions Consulting & Business Development, Advent Software, said "Our goal is to deliver industry-leading solutions and we are very proud that Geneva® has again been recognized by HFMWeek. With our new release of Geneva®, we have extended the capabilities of the solution to the front- and middle-office, making it possible for more users in a firm to leverage the solution and for our clients to derive even more value from the Geneva® platform overall.”
The HFM Week European Hedge Fund Services Awards’ judging is completed by a team of external judges made up of a selection of industry professionals. Judges use a combination of quantitative and qualitative results to make their decisions.