Source: Advent Software
VanthedgePoint Group LLC, an integrated financial services firm specializing in services for small hedge funds, today announced that its wholly owned subsidiary VanthedgePoint Technologies LLC has licensed the Geneva global investment accounting and portfolio management software from Advent Software, Inc. (NASDAQ:ADVS), the leading provider of software and services to the investment management industry.
By licensing Geneva, VanthedgePoint continues to deliver on its promise to provide institutional quality tools and services to help small hedge funds grow and succeed.
"Offering Geneva, a clear best of breed solution, to our hedge fund clients helps them improve their operations while increasing their marketability to potential investors," said Geoffrey M. Tudisco, founder and CEO of VanthedgePoint Group LLC. "Geneva greatly enhances our integrated platform with its robust portfolio accounting and reporting capabilities that our clients can use to more effectively manage their performance."
"VanthedgePoint is offering a unique service to the hedge fund marketplace, providing key services to both new and existing small hedge funds that will help them compete on a global basis," said Peter Hess, Senior Vice President and General Manager of Advent's Global Accounts business. "We're happy to be part of this new approach to fund servicing, as we continue expanding Advent's presence in the global hedge fund market."
VanthedgePoint will deliver Geneva's powerful investment accounting and portfolio management capabilities to hedge fund clients that are currently using simple tools not necessarily suited to complex hedge fund accounting.
Hedge funds will improve their operational stability as VanthedgePoint clients because all portfolio data and net asset value calculations performed by VanthedgePoint will be accounted for using Geneva. The result is that VanthedgePoint's hedge fund clients have lower operational risk which makes them more attractive to potential investors.