Advent Software, Inc. has added 53 alternative asset management firms to its portfolio of clients in 2005.
Advents solution suite includes Geneva, Moxy, Advent Portfolio Exchange, Axys, Advent Partner and Advent Custodial Data.
Advents Global Hedge Fund Solution, powered by Geneva, provides a fully integrated suite for trading, investment and partnership accounting that enables clients to minimize risk, streamline their operations and reduce costs while managing the most complex investments.
Advent also recently enhanced its Moxy trade order management system offering to provide hedge funds with the ability to track their position and fund performance in real time. Alternative investment firms value the new profit and loss tool in Moxy, which addresses a critical market need. As a result, Advents reputation for providing superior service, reliability and value continues to extend across the industry.
In 2005, Advent added 53 alternative investment firms, 15 of which implemented Geneva, and 38 of which implemented Axys or Advent Portfolio Exchange. Advent also added 17 hedge funds to the Moxy client community.
“What is really satisfying for us is the acknowledgement by the market that our development focus on instrument coverage, integration, and core accounting is in alignment with the industrys most critical needs, said Robert OBoyle, vice president product marketing for global accounts. Its amazing to see how many institutional asset managers have recently formed hedge fund groups and how well this market understands the importance of a system that enables their business growth by meeting the demands of both the front and back offices.