Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that GenevaÂ®, Adventâs global portfolio management and fund accounting solution, was named âLeading Provider of Fund Accounting and General Ledger Systemsâ by The Hedge Fund Journal. The Hedge Fund Journal awards recognize the work done by the leading service providers who have created an effective platform for the growth of the hedge fund industry in Europe in recent years.
"This award underscores the compelling value of GenevaÂ® across prime brokers, fund administrators, asset managers and hedge funds, and reflects our 28-year history of innovation and reliability,â said Pete Hess, President of Advent. âIt is a testament to Adventâs continued investment in product development to ensure that our products and services keep pace with both changing market conditions and customer demand. As an example, Our GenevaÂ® 8 series has further showed our commitment to the hedge fund industry with the delivery of new and innovative functionality to help them better manage not just back-office accounting, but also their middle-office operations.â
GenevaÂ® is 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. The upcoming release of GenevaÂ® is designed to meet the needs of the EMEA hedge fund market more than ever.
This award is the latest in a series of industry recognition for GenevaÂ® that includes: Top Fund Accounting and Reporting System, Hedgeweek; Best Managed Account Platform Technology, Hedgeweek; Best Managed Account Platform Technology, HFMWeek; Best Portfolio Management System, Waters Magazine; and Best Portfolio Accounting Platform, Buy-Side Technology.