Trident Fund Services has extended its relationship with Advent Software by adding the Geneva World Investor module to support private equity, onshore and offshore fund accounting. The extension builds on an existing relationship Trident has with Geneva whereby the fund services provider already uses the Geneva platform for integrated portfolio management and investor servicing across private equity, real estate and hedge fund clients.
A robust, integrated technology platform underpins our ability to provide high-quality, tailored, cost-efficient fund administration services to our clients, whatever their specific requirements. We chose Geneva World Investor for its strong integration, automation, onshore and offshore investor level accounting, and the ability to deliver complex reporting to private equity and hedge fund clients, said Rick Gorter, managing director, Trident Fund Services, Cayman Islands.
Geneva World Investor helps Trident Fund Services achieve greater transparency and improved efficiencies across asset classes such as private equity and funds of funds, and provides clients with tools, including capital commitment and call processing, waterfall calculations, capital distributions, performance fee calculations and on-demand reporting with minimal cost and disruption to fund administrators processes.
Geneva World Investor lowers operational risk associated with manual data entry by fully automating processes from trade lifecycle management to investor servicing and reporting, said Chris Momsen, senior vice president and general manager, Global Accounts and Tamale, Advent Software.
(JDC)