Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Syncova®, Advent’s Margin and Financing platform, was named “Leading Margin Management Provider” at The Hedge Fund Journal Awards 2014. Now in their sixth year, the Hedge Fund Journal Awards recognize the leading service providers to the European hedge fund industry.
For prime brokers and hedge funds, managing the costs associated with margin, stock borrowing, and financing is a major challenge. With the flexibility that Syncova® offers, funds can reduce their costs, while prime brokers can offer a more competitive service.
“Advent has a longstanding reputation for bringing innovative solutions to the market and Syncova® is yet another great example,” commented Rod Sparks, publisher of The Hedge Fund Journal. “In times when firms are looking to achieve more transparency on their operational costs, solutions like Syncova®, which help firms to manage the costs associated with margin, stock borrowing, and financing, are welcomed by the industry.”
“We are delighted to receive this recognition from The Hedge Fund Journal, which serves as a confirmation of our commitment to innovation in the alternatives industry, where we have a range of award-winning solutions across portfolio management, fund accounting, and research management,” said Hakan Valberg, President of Advent Software EMEA. “We have seen a lot of change in the industry over the last few years. On the sell side, firms are demanding more flexibility when it comes to balancing and managing counterparty risk whilst still providing a flexible and competitive service to their clients, and on the buy side, firms are requesting more transparency around the costs associated with their main counterparties. At Advent, we’re constantly evolving our solutions to help address these new dynamics. ”
Advent adds this award to a long list of accolades over the last 12 months that include: Best Fund Accounting and Reporting System 2014, Hedgeweek; Best Fund Accounting and Reporting Software Provider and Best Portfolio Management Software Provider from MENA Fund Manager Fund Services Awards 2014; Best Technology Platform 2014, Private Asset Management Magazine; Best Fund Accounting Platform from Global Custodian; Best Portfolio Management and Accounting Systems, Markets Media Choice Awards; Best Research Management Tool, Systems in the City Awards; and Technology Vendor of the Year, Citywealth Magazine.