Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that GenevaÂ®, Adventâs portfolio management and fund accounting solution, was named âBest Buy-Side Portfolio Accounting Productâ by Buy-Side Technology magazine for the fourth consecutive year and âBest Fund Accounting and Reporting Systemâ by HFM Week.
GenevaÂ® is Adventâs global portfolio management and accounting platform, designed for hedge funds, fund administrators, asset managers, prime brokers and mutual funds that require a high level of operational efficiency and easy access to real time data. It offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enabling firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.
"Advent is honored to receive these awards, which underscore the compelling value that GenevaÂ® delivers to firms of all sizes and strategies,â said Pete Hess, President of Advent. âThese accolades follow the release of our GenevaÂ® eight series, which introduces new functionality and enhancements which take the product to the next level, solidifying its position as the industry-leading solution in this space.â
The Buy-Side Technology awards recognize products and services in the buy-side technology vendor industry in order to identify the leading technologies and vendors in their areas of expertise through an auditable and transparent methodology. The HFM Week awards use a combination of quantitative and qualitative results to make their decisions. Category winners for both awards were decided by teams of judges comprised of a selection of industry professionals.
Concluded Hess, âWe have continued to invest significantly in product development to ensure that our products and services keep pace with both changing market conditions and customer demand. These awards reflect Adventâs 27-year history of innovation and reliability, and the superior benefits that our clients derive from our suite of solutions.â
This award is the latest in a series of recent industry recognition for Advent that includes: Best Portfolio Management System, Waters Magazine; Top Fund Accounting and Reporting System, Hedgeweek; Best Managed Account Platform Technology, HFMWeek; and FinTech 100, American Banker, Bank Technology News and Financial Insights.