Advent adds another hedge fund to its Geneva client base

NEW SALES | NEW YORK FUND TAKES ACCORD’S SYSTEM

NEW YORK -- DE Shaw, a $5 billion hedge fund based in New York, has chosen Advent Software’s investment accounting system, Geneva, to enhance its back-office functions.

The fund expects implementation of Geneva to enable it to streamline its back-office technology, the management of swaps and other complex instruments, and allow it more timely and flexible views across its portfolios.

Advent now has 22 global hedge funds with $60 billion in cumulative assets under management using the Geneva

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