âNew Vernonâs GenevaÂ® solution and the accompanying data warehouse are mission-critical systems that will be instrumental in helping us scale our business, take advantage of market opportunities and provide our investors with a superior risk/return relationship,â said Mark Rubin, Chief Financial Officer, New Vernon Capital. âTo get this platform operative, we needed a strong partner with both GenevaÂ®-certified expertise and skills spanning operations, technology, custom software and application integration. Gravitas has had an ongoing relationship with New Vernon since the fundâs inception, making it the ideal partner to manage all facets of this challenging process.â
Gravitas has been involved with several GenevaÂ® implementations and over the past year has made a significant effort in both broadening its relationship with Advent and increasing its expertise across the GenevaÂ® platform. Previous projects have included GenevaÂ® infrastructure support and optimization, disaster recovery design and coordination and custom report development.
âGravitasâ project management, communication and coordination were exemplary on the New Vernon project,â said Bill Hamor, Head of Advent Professional Services. âGravitas kept the project on track, held us all accountable for deliverables, provided insight to key decisions, kept the client engaged with the process and made sure that everyone had the tools needed to accomplish the job at hand. We look forward to working together with Gravitas on future projects.â
âFor a fund of New Vernonâs size, product mix and global information needs, an open data warehouse solution was critical to the overall success of the project,â said Mark Seaman, Managing Director for Gravitas. âThe combination of GenevaÂ® with the custom data warehouse will provide New Vernon with real-time transparency into position and P&L exposure, as well as a seamless integration to its customized risk management and research information.â
This implementation reinforces Gravitasâ position as the leading service provider for hedge funds looking to implement Advent and other key business systems like order management systems, portfolio accounting systems, and risk systems. âOur Business Consulting and Software Development practices offer innovative solutions, expert project management and an integrated, holistic service,â said Jayesh Punater, Gravitas Technologyâs CEO. âWe provide hedge fund managers with the peace of mind that they have the appropriate mission-critical systems in place to support the firmâs strategy and attract new assets.â