Aspect Capital Selects Advent’s Geneva®
San Francisco, CA, December 1, 2004 - Advent Software, Inc. (NASDAQ: ADVS) announced that London-based Aspect Capital, one of the top European hedge fund companies in terms of assets under management, has selected Advent’s Geneva® solution for its global hedge fund business. From the UK, Aspect joins a growing list of US-based hedge funds currently using Geneva®, including 15 of the industry’s top 25 hedge funds.
Geneva®, the industry’s premier global investment accounting and portfolio management solution, solves the complex challenges faced by global asset managers, mutual funds, hedge funds, fund administrators and prime brokers, with unmatched scalability and efficiency. In addition to its respected presence in the hedge fund industry, Geneva® is also used by seven of the top 10 global prime brokers and six of the top 10 global fund administrators.
Geneva® features a large inventory of security types and transaction coverage, helping firms react to changes in business climate by handling both existing and future investment opportunities. And Geneva® is the only global portfolio accounting and portfolio management system that meets the stringent and complex needs of investment managers worldwide when accounting for high volume, traditional, derivative, domestic and global investment strategies, as well as when integrating accounting data into their straight-through processing (STP) infrastructures.
“We’re extremely pleased to add Aspect to our client roster. With more than 500 hedge funds in the US and Europe using Advent products, we are enabling the growth of many of the leading hedge funds in the global marketplace. Aspect is the first European hedge fund manager to select Geneva®, and we are confident Aspect will enjoy the same competitive edge in the global marketplace with Geneva® as their US domestic peers,” said Peter Hess, Senior Vice President and General Manager for Advent’s global accounts business.
Advent Software, Inc. (www.advent.com), 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 Software, Inc.
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San Francisco CA 94107