We’re elated to win HedgeWeek’s Best Managed Account Platform Technology Provider for the second consecutive year! During the celebratory luncheon in London, SS&C Advent was honored to have Geneva recognized as a winning hedge fund solution, specifically for those with managed accounts.
In 2018, the industry witnessed increasing pressure from allocators on the fund managers in a variety of areas. Funds are becoming increasingly more flexible to attract investors, particularly as funds add ever more managed accounts and complex fee arrangements for their investors. Often, additional managed accounts equates to more custodians and fund administrators, which increases duplication, complexity, and risk. All of this is increasing the need for a system like Geneva to act as both an in-house investment and accounting book of records enabling, and a golden copy for counterparty reconciliation.
Geneva offers flexibility and scalability for managers with multiple strategies and fund structures in an-all-in one solution, supporting hedge funds, and private markets funds with drawdown structures, Institutional Asset Managers, and any manager running separately managed accounts.
We continue to drive innovation, whether it’s launching fully cloud delivered products or flexible outsourcing and co-sourcing options to improve a fund manager’s efficiency, the Geneva team is proud of its efforts and this recognition. Specially, we are encouraged by the rise of credit strategies in the alternatives market, and are proud that today just over 100 firms are managing bank loans on Geneva thanks to its industry leading capabilities in this asset class.
For SS&C Advent, acknowledgement for our efforts with Geneva is a great privilege, and highlights the entire teams’ effort across the entire Advent business unit, each contributing to this award-win in a unique way. Knowing that our clients and peers alike appreciate our expertise and diligence, tells us that our efforts are not in vein. Also, it illustrates that strategically, our team is focused on the right targets and moving in the right direction to keep our clients at the forefront of the industry in the future.
Our sincere gratitude to the voters, Hedgeweek Global 2019, and importantly, our many hedge fund clients who reward us every day with their trust.
Alternative Investments, Asset Management