San Francisco, May 31, 2005 - Advent Software, Inc. (NASDAQ: ADVS), will launch a new Global Hedge Fund Solution featuring GenevaÂ® 6.0, the latest version of Adventâs leading global portfolio accounting solution, on the first day of this yearâs Securities Industry Association Technology Management Conference on June 21. The new solution enables complex hedge funds, prime brokers and fund administrators to more effectively streamline their operations, control operational risk and provide better client service.
In addition to GenevaÂ®, Adventâs Global Hedge Fund Solution also features the newly developed Workflow Manager, a powerful integration platform that allows firms to easily and efficiently manage the workflows and data exchange between GenevaÂ® and other applications.
In Adventâs Global Hedge Fund Solution, GenevaÂ® 6.0 is now fully integrated with Adventâs MoxyÂ® for order management, Advent PartnerÂ® for partnership accounting and the new Workflow Manager for STP.
"With traditional assets flowing in to hedge funds and heightened regulation currently facing the industry, hedge funds are in critical need of managing operational risk. Adventâs Global Hedge Fund Solutionâs fully integrated suite of products for trading, investment and partnership accounting will allow firms to minimize risk, streamline their operations and reduce costs while managing the most complex investments," said Peter Hess, Adventâs senior vice president and general manager for Global Accounts.