SAN FRANCISCO and LONDON – March 6, 2012 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Carrhae Capital LLP has gone live on Advent’s hedge fund solution* to support growth and maximize efficiency and transparency.
Based in London, Carrhae Capital was one of the high profile launches of 2011 and is backed by one of the hedge fund industry’s major seeders. Carrhae Capital began implementing Advent‘s solution in mid-October 2011 to benefit from its robust technology and the depth of its functional capabilities, such as real-time dashboards and reports for accurate P&L, streamlined cash, position and transaction reconciliation, and full synthetic equity asset class coverage. Carrhae Capital launched the Carrhae Capital Master Fund in December 2011.
“We chose Advent for the strength of its technology infrastructure, its reputation in the UK hedge fund market and its integration to all the main counterparties, as the most efficient system to help us accelerate our ability to grow our firm,” said Adrian Headon, COO of Carrhae Capital. “We are confident that Advent will help us scale and continually meet the requirements of the most demanding institutional investors.”
“Being selected by Carrhae Capital further validates Advent’s reputation in the UK hedge fund market as a leading portfolio management solution, and underscores our growing success and traction with local firms,” said Håkan Valberg, senior vice president and general manager, Advent Software EMEA. “The rapid time to market and low cost of ownership reinforce the continued appeal of our solutions for startup hedge funds in the UK.”
Geneva®, a global portfolio 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 to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information on Geneva® visit https://secure.advent.com/info/geneva_livedemo.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries count on Advent technology to run their mission-critical operations. 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 operational risks and costs. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.
Advent, the Advent logo, Advent Software, and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Horn Group for Advent Software, Inc.
+1 (415) 905-4022
Advent Software EMEA
+44 20 7631 9240