NEW YORK, SAN FRANCISCO, February 14, 2006 – VanthedgePoint Group LLC, an integrated financial services firm specializing in services for small hedge funds, today announced that its wholly owned subsidiary VanthedgePoint Technologies LLC has licensed the Geneva® global investment accounting and portfolio management software from Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and services to the investment management industry. By licensing Geneva®, VanthedgePoint continues to deliver on its promise to provide institutional quality tools and services to help small hedge funds grow and succeed.
“Offering Geneva®, a clear best of breed solution, to our hedge fund clients helps them improve their operations while increasing their marketability to potential investors,” said Geoffrey M. Tudisco, founder and CEO of VanthedgePoint Group LLC. “Geneva® greatly enhances our integrated platform with its robust portfolio accounting and reporting capabilities that our clients can use to more effectively manage their performance.”
“VanthedgePoint is offering a unique service to the hedge fund marketplace, providing key services to both new and existing small hedge funds that will help them compete on a global basis,” said Peter Hess, Senior Vice President and General Manager of Advent’s Global Accounts business. “We’re happy to be part of this new approach to fund servicing, as we continue expanding Advent’s presence in the global hedge fund market.”
VanthedgePoint will deliver Geneva®’s powerful investment accounting and portfolio management capabilities to hedge fund clients that are currently using simple tools not necessarily suited to complex hedge fund accounting. Hedge funds will improve their operational stability as VanthedgePoint clients because all portfolio data and net asset value calculations performed by VanthedgePoint will be accounted for using Geneva®. The result is that VanthedgePoint’s hedge fund clients have lower operational risk which makes them more attractive to potential investors.
VanthedgePoint Group LLC is an integrated financial services company focused on delivering products and services to empower small hedge funds. VanthedgePoint Group operates two wholly owned subsidiaries: VanthedgePoint Securities LLC, a registered broker/dealer (Member NASD/SIPC), and VanthedgePoint Technologies LLC. VanthedgePoint Group is a privately held company with principal offices located in New York, NY.
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.
FORWARD LOOKING STATEMENTS
Any forward looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include market acceptance of new products, the impact of initiatives by competitors, and other risks detailed in Advent’s filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, as amended, copies of which may be obtained by contacting Advent Software at 415-645-1787, or by visiting Advent’s Investor Relations website at www.advent.com