Bear Stearns Prime Brokerage Services has licensed Geneva, Advent’s award-winning portfolio management and fund accounting application to support their global operations.
Bear Stearns has been providing its customers with innovative capabilities and outstanding service for over 25 years. Clients include many of the leading global hedge fund managers representing a diverse range of strategies.
“We were looking to enhance our portfolio reporting and accounting capabilities to support the complex investment strategies of our global hedge fund clients on a 24/7 basis. Our decision to choose Advent’s Geneva was based on its ability to provide Bear Stearns with a single scalable platform that would support all asset classes regardless of the mix of derivative, equity, future, fixed income, FX or cash instruments,” says Louis Lebedin, global head, Bear Stearns Prime Brokerage Services.
“Bear Stearns is a clear leader in the investment community and we are very excited to add its prime brokerage business to Geneva’s expanding client base. We look forward to a long-term and mutually beneficial relationship with Bear Stearns as we continue to invest in and develop Geneva(R) in the years to come,” adds Chris Momsen, vice president of Sales and Marketing and co-head of Global Accounts, Advent.