Advent moves into research management space with Tamale acquisition

Tamale currently has more than 1,700 individual users of its Tamale RMS across the hedge fund, long-only, fund of hedge funds, pension fund, and private equity industries.

According to Peter Hess, executive vice-president and general manager of Advent's investment management group, Advent sees the Tamale acquisition as a chance to integrate the RMS function more fully into buy-side and hedge fund clients' front-office operations at a time when such capabilities appear lacking in the industry.