17 Nov 2011
Advent Software, Inc. (NASDAQ:ADVS), a leading provider of software and services for the global investment management industry, continues to gain momentum within the UK hedge funds market. In the space of six months, Advent has added several strategic, multi-billion dollar London-based funds to its client roster, been recognised by the industry for outstanding technology and leadership and has continued to grow and invest in technology and local resources to meet the needs of UK hedge funds.
Advent’s solution for hedge funds and alternative investment managers, Geneva®, offers front office decision support and portfolio management, middle office automation through trade capture and reconciliation, and full portfolio, fund, and investor accounting and reporting. Advent has consistently invested 18-20% of revenues in research and development, and in recent years has focused particularly on meeting the needs of UK hedge funds, delivering a solution that will grow with them and adapt as the market creates and deals in new instruments.
In March 2011, the company acquired London-based Syncova, enabling Advent to integrate margin optimisation into its existing solutions and growing its UK team by 17 staff. Since then, ten new consultants have been certified on Geneva®, bringing to over 35 the number of staff and third-party consultants working for Advent’s hedge funds team in Europe, the Middle East and Africa. This trend of adding employees and third party consultants is set to continue, as Advent looks to move to a larger London office by early 2012.
Advent’s solution for hedge funds and alternative investment managers, Geneva®, offers front office decision support and portfolio management, middle office automation through trade capture and reconciliation, and full portfolio, fund, and investor accounting and reporting. Advent has consistently invested 18-20% of revenues in research and development, and in recent years has focused particularly on meeting the needs of UK hedge funds, delivering a solution that will grow with them and adapt as the market creates and deals in new instruments.
Chris Cattermole, global accounts sales manager at Advent Software said “Working with our clients to understand their operational needs, business objectives and how we can best serve them is fundamental to Advent’s product and service development process. In the UK, we’ve invested considerable time and effort to gain insight how UK hedge funds operate and their unique needs.“Based on feedback from UK hedge fund clients, we’ve invested in growing our services team and tailoring consultants’ skill-sets and have added a number of product enhancements specifically designed for the UK market. We remain deeply committed to working with our clients so that we can continue to provide value as their needs evolve and their businesses grow.”
In March 2011, the company acquired London-based Syncova, enabling Advent to integrate margin optimisation into its existing solutions and growing its UK team by 17 staff. Since then, ten new consultants have been certified on Geneva®, bringing to over 35 the number of staff and third-party consultants working for Advent’s hedge funds team in Europe, the Middle East and Africa. This trend of adding employees and third party consultants is set to continue, as Advent looks to move to a larger London office by early 2012.
In March 2011, the company acquired London-based Syncova, enabling Advent to integrate margin optimisation into its existing solutions and growing its UK team by 17 staff. Since then, ten new consultants have been certified on Geneva®, bringing to over 35 the number of staff and third-party consultants working for Advent’s hedge funds team in Europe, the Middle East and Africa. This trend of adding employees and third party consultants is set to continue, as Advent looks to move to a larger London office by early 2012.
“Based on feedback from UK hedge fund clients, we’ve invested in growing our services team and tailoring consultants’ skill-sets and have added a number of product enhancements specifically designed for the UK market. We remain deeply committed to working with our clients so that we can continue to provide value as their needs evolve and their businesses grow.”
In March 2011, the company acquired London-based Syncova, enabling Advent to integrate margin optimisation into its existing solutions and growing its UK team by 17 staff. Since then, ten new consultants have been certified on Geneva®, bringing to over 35 the number of staff and third-party consultants working for Advent’s hedge funds team in Europe, the Middle East and Africa. This trend of adding employees and third party consultants is set to continue, as Advent looks to move to a larger London office by early 2012.
In March 2011, the company acquired London-based Syncova, enabling Advent to integrate margin optimisation into its existing solutions and growing its UK team by 17 staff. Since then, ten new consultants have been certified on Geneva®, bringing to over 35 the number of staff and third-party consultants working for Advent’s hedge funds team in Europe, the Middle East and Africa. This trend of adding employees and third party consultants is set to continue, as Advent looks to move to a larger London office by early 2012.
