Advent’s Solution for Alternative Investment Managers Selected as Best Fund Accounting and Reporting System in 2014 Annual Hedgeweek Survey
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Geneva®, Advent’s portfolio management and fund accounting product, was named Best Fund Accounting and Reporting System 2014 by the readers of one of the leading online publications for the alternatives industry, Hedgeweek.
The fifth edition of the Hedgeweek Awards, presented in London on February 3, 2014, brought together the leading names in the global hedge fund industry to celebrate the achievements of the best performing managers and service providers in 2013. The awards were determined by the votes of Hedgeweek ‘s 41,000 subscribers, who include institutional investors, wealth managers, fund managers, and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians, and advisors.
Geneva®, Advent’s global investment management and accounting platform for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds, provides 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 unique real time architecture of the Geneva® platform helps enable firms to utilize Investment Book of Records (IBOR) functionality through a real-time transaction and position process.
“Our continued enhancements to the depth and breadth of our solutions for the alternatives market are a demonstration of Advent’s ongoing commitment to the industry. Advent takes our role as a trusted technology partner very seriously and we are committed to delivering mission-critical solutions that address and meet the business needs of our clients,” said Håkan Valberg, President, Advent Software EMEA. “We are proud to receive this award, especially as it was the readers of Hedgeweek making the nominations, which is a great testament to our leading position in this market.”
Advent adds this award to a long list of accolades over the last 12 months that include; Best Fund Accounting and Reporting Software Provider and Best Portfolio Management Software Provider from MENA Fund Manager Fund Services Awards 2014; Best Fund Accounting Platform from Global Custodian; Best Portfolio Management and Accounting Systems, Markets Media Choice Awards; Best Research Management Tool, Systems in the City Awards; Technology Vendor of the Year, Citywealth Magazine; and Best Technology Provider, HFMWeek.