San Francisco, June 21, 2005 – Advent Software, Inc. (NASDAQ: ADVS), introduces Advent for Global Hedge Funds, a superior technology solution featuring Advent’s Geneva® global accounting system. Advent for Global Hedge Funds combines portfolio or fund accounting, trading, and partnership accounting in a single integrated solution. This integration allows for a single point of data capture, ensures more efficient operations and minimizes errors. Information is automatically updated throughout the system with each transaction, making accurate, reliable, real-time data readily available for decision making and investment reporting.
Advent’s Global Hedge fund Solution includes Advent’s newly developed Workflow Manager, a powerful integration platform that allows firms to easily and efficiently manage the workflows and data exchange between Geneva® and other applications. The solution also features full integration with Advent’s Moxy® for order management and Advent Partner® for partnership accounting.
Advent for Global Hedge Funds gives managers of large, complex funds the speed, flexibility and functionality they need to gain a strategic advantage by delivering:
At the core of the solution is Geneva®, Advent’s powerful real-time portfolio accounting engine. Geneva® delivers the industry’s only “main memory” database system, offering more accurate and flexible reporting, and eliminating batch processing and time-consuming error corrections. Geneva® also unifies the general ledger and portfolio sub-ledgers, for real-time reporting and seamless, automated reconciliation.
“Through world-class technology and timely, successful implementations, Advent has proven itself as the market leader in the hedge fund industry, delivering unprecedented control to help firms build and sustain a strategic advantage in the fast-moving global market,” said Peter Hess, Advent’s senior vice president and general manager for Global Accounts.
Advent is the leading provider of technology solutions for hedge funds, with more than 500 alternative investment clients, including 15 of the 25 largest global hedge funds, seven of the top 10 global prime brokers, and six of the top 10 global fund administrators.
Advent Software, Inc., a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 50 countries using Advent technology manage investments totaling more than US $8 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.
ADVENT, GENEVA, MOXY, and ADVENT PARTNER are registered trademarks of Advent Software, Inc. or its subsidiaries. All other company names or marks mentioned herein are those of their respective owners.