Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it was named “Best Portfolio & Accounting Solution 2015” by the leading publication to the alternatives markets, The Hedge Fund Journal.
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 for over 300 clients in 28 countries. It offers comprehensive instrument coverage, financial general ledger, and industry-standard integration tools enabling firms to manage complex investment strategies and fund structures.
“Advent continues to be an important player in the alternatives markets, developing innovative solutions to help firms better manage their investment operations, counterparty risks, and the increasingly complex regulatory environment,” commented Rod Sparks, publisher of The Hedge Fund Journal. “In times when firms are looking to get more from their existing platforms, while tightly managing operational costs, solutions from highly respected firms like Advent are welcomed by the industry.”
“We are proud to receive this award, which is another nod to Advent’s success in driving innovation in the alternatives industry, where we have a range of award-winning solutions covering portfolio management, fund accounting, and research management,” said Håkan Valberg, President, Advent Software EMEA. “Industry changes have led investment managers to demand more flexibility when it comes to balancing and managing counterparty risk, while still providing a competitive service to their clients. In an effort to stay ahead of industry change, we work closely with our clients over the long term to understand these trends, and we invest heavily in our solutions, delivering important product upgrades each year.”
Advent adds this award to a long list of accolades it has received over the last 12 months, including: Best Fund Accounting and Reporting Software Provider, MENA Fund Manager Fund Services Awards 2015; Best Portfolio Management Solution and Best Client Communications and Reporting Solution Awards, WealthBriefing GCC Regional Awards 2014; Best Back & Middle Office Solution, Funds Europe Awards 2014; Best Buy-Side Portfolio Accounting Platform and Best Buy-Side CRM Platform, Buy-Side Technology Awards 2014; Best Fund Accounting and Reporting Software, HFM US Hedge Fund Services Awards; Best Technology Provider, Investment Week Fund Services Awards 2014; Best Client Reporting System, Systems in the City; Best Portfolio Management Solution, WealthBriefing European Awards 2014; Best Client Communications & Reporting, WealthBriefing Switzerland & Liechtenstein Awards 2014; Best Fund Accounting and Reporting System 2014, Hedgeweek; and Best Fund Accounting Platform, Global Custodian.