Advent Software (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Vistra Fund Services has selected Advent Partner World Investor, its recently launched comprehensive solution for global investor accounting and servicing for both onshore and offshore funds, and Geneva, its award winning real-time global portfolio management solution.
With offices in 10 jurisdictions, the Vistra Group is a global provider of wealth protection services and cross-border structuring for private and institutional clients. Due to an increasing demand from both existing and potential clients for high quality fund administration, The Vistra Group launched Vistra Fund Services. Based in the firm's Luxembourg and Jersey offices, Vistra Fund Services is specialized in structuring and administrating alternative investment funds such as hedge funds, private equity and distressed land and property funds.
To support its plans for expansion, Vistra Fund Services needed a proven, scalable platform that would facilitate its growth, while delivering professional and high quality client service. Vistra Fund Services turned to Geneva® and Advent Partner World Investor to achieve this objective. The powerful combination of both solutions streamlines accounting and enables Vistra Fund Services to deliver on its promise of highly personalized client service.
"We selected Advent Partner World Investor and Geneva because we needed a robust, fully integrated and reliable platform to accommodate high standard of service we want to provide to our clients," said Bart Deconinck CEO of the Vistra Group. "We have seen an increase in demand for bespoke and high quality hedge fund administration services and reporting for both existing and potential clients. Advent's long and successful track record as a market leader in the space made them the only option for us, and will attract quality investors onto our books."
Hakan Valberg, Senior Vice President and General Manager, Advent Software EMEA commented, "We are very pleased that Vistra Fund Services has selected Advent Partner World Investor and Geneva to support their future growth. The seamless integration of the two solutions helps funds of all sizes and complexity achieve greater accuracy, support both onshore and offshore investors and meet comprehensive reportrting requirements. Together, Advent Partner World Investor and Geneva provide the solid infrastructure that firms need to manage and grow their business."