Advent Software Sponsors Global Survey of Hedge Fund Administrators with

Advent Software Sponsors Global Survey of Hedge Fund Administrators with

Survey Finds Total Global Hedge Fund Assets Under Administration Have Increased 7.7% since September 30, 2007

SAN FRANCISCO – May 22, 2008 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and solutions for the global investment management industry, today announced that it sponsored’s (HFN) biannual Hedge Fund Administrator Survey, which offers an in-depth look into the fund administration marketplace.

The survey, the third of its kind, includes data from over 60 of the world’s largest fund administrators, which collectively administer assets for over 95% of the total hedge fund market.  Based on its findings, HFN reports an estimated $2.8 trillion in total global hedge fund assets under administration, an increase of 7.7% from September 30, 2007, when the prior survey was conducted. The survey also found an 11% increase in the number of hedge funds with assets being managed by a fund administrator over the same six month period.

A fund administrator acts as an extension of the hedge fund’s operational staff, and performs the accounting, valuation, and in many cases, investor servicing of the fund.  Selecting the right fund administrator is critical to the success of the hedge fund, so the survey data serves as an excellent source of information for hedge funds as they evaluate potential fund administrators. 

“This information is extremely timely and offers an encouraging view on the health and diversity of the alternative asset marketplace,” said Chris Momsen, Senior Vice President and Co-Head of Global Accounts for Advent.  “The fund administration business has become highly competitive and dynamic, and sponsoring this survey gives Advent an important opportunity to shed light on the rapid evolution of the industry.” 

Added Momsen, “For 25 years, Advent has been a leader in innovative solutions that increase transparency and ease accounting and administration for complex instruments.  Geneva®, our award-winning portfolio management, accounting and reporting platform, is a proven industry leader within this market, and we are very proud that Geneva® is the platform of choice for 13 of the top 20 fund administrators noted in this survey.”  For more information on the survey visit

About Geneva®
Geneva®, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data.  Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.  For more information on Geneva® visit

About Advent
Advent Software, Inc. (, a global company, has provided trusted solutions to the world’s leading financial professionals since 1983.  Firms in 60 countries use Advent technology and manage investments totaling nearly US $18 trillion.  Advent’s quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.  Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support organization.  For more information on Advent products visit

The Advent logo and Geneva are registered trademarks of Advent Software, Inc.  All other company names or marks mentioned herein are those of their respective owners.

Jessica Miller
Advent Software, Inc.
(415) 645-1668