Advent Software, Inc., (NASDAQ: ADVS), the leading provider of software and services to the global investment management industry, today announced that Quintillion has selected GenevaÂ® to run their hedge fund administration operation. Quintillion, based in Dublin, is a relatively new firm in this market but has aggressive growth plans and has already secured a $2 billion mandate.
Quintillion has been established by a group of senior executives that previously worked at the Dublin headquarters of one of the largest hedge fund administrators in the world. The team, headed by Chief Executive Officer Joan Kehoe, has a strong focus on using leading edge technology to provide the best possible service to their clients but also to ensure smooth and efficient internal operations. "We already know the advanced capabilities of GenevaÂ® for a hedge fund administration operation," said Kehoe. "We strongly believe there is a great opportunity for an organisation offering a quality range of services to hedge funds and to achieve this we need the best solutions available for the purpose. There is nothing in the market that matches GenevaÂ®âs speed, flexibility and operational efficiency and it will make our services offering extremely attractive to our clients," added Kehoe.
Quintillion required a system that could match their growth strategy and provide a solid scalable platform that could manage the broad instrument coverage they needed and ensure a thoroughly efficient and effective workflow. The full implementation was completed in four months and includes GenevaÂ®âs Workflow Manager which facilitates easy integration to existing systems and third party systems such as share registry and data feed vendors.
"We are delighted to have Quintillion join our growing number of clients using GenevaÂ® in Europe. Quintillionâs management is a talented group of people with considerable expertise in the provision of hedge fund services and the fact that they have chosen Advent as a partner is further evidence of our success in the fund administration sector," said Hakan Valberg, General Manager, Advent Software EMEA. "GenevaÂ®âs capabilities continue to give firms a competitive edge delivering world class operational efficiencies allowing firms to provide superior services to their clients," continued Valberg.