Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that its global portfolio management solution, Geneva®, was named “Best Fund Accounting and Reporting Software” at the HFM US Hedge Fund Services Awards 2014.
With over 300 clients in 28 countries, Geneva® is a leading fund accounting, reporting, and portfolio management platform designed for alternative asset managers with complex international accounting requirements and/or wide instrument coverage needs. Client-driven enhancements and expanded functionality, as well as improved regulatory support, continue to make Geneva® the global investment management platform of choice in the alternative investments community. Geneva® also provides extensive client support, including a designated relationship manager, global, 24/7 follow-the-sun support, as well as access to Advent Direct® Community, Advent’s client-only portal where clients can connect, share information, and learn best practices from other Advent clients.
Advent has consistently demonstrated itself to be the strongest player in this space. The judges were impressed by the firm’s technical astuteness, innovation, and ability to grow market share. They also felt that Advent transcended strategy and AuM, saying that the firm was able to provide a sophisticated fund accounting solution across the industry. “Another impressive performance from a best in class service provider,” the judges said.
“We are honored to receive this recognition from HFM Week,” said Chris Momsen, Executive Vice President for Sales and Solution Management, Advent Software. “Hedge funds have been relying on Geneva® for over 20 years and the solution remains on the forefront of portfolio management technology. We’re proud of our longstanding leadership in the alternative investment space and the continued development of the Geneva® platform for our clients.”
Advent adds this award to a long list of accolades over the last 12 months, including: Best Technology Provider, Investment Week Fund Services Awards; Best Client Reporting System, Systems in the City; Best Client Reporting Solution, FTF News Technology Innovation Awards; Best Portfolio Management Solution, WealthBriefing European Awards 2014; Best Client Communications & Reporting,WealthBriefing Switzerland & Liechtenstein Awards 2014; Best Client Relationship Management (CRM) System, Family Wealth Report; Leading Margin Management Provider Award, The Hedge Fund Journal; Best Fund Accounting and Reporting System 2014, Hedgeweek; Best Fund Accounting and Reporting Software Provider and Best Portfolio Management Software Provider, MENA Fund Manager Fund Services Awards 2014; Best Technology Platform 2014, Private Asset Management Magazine; and Best Fund Accounting Platform,Global Custodian.