Fund accounting system spend to hit $500 million by 2012

A new report by financial technology consultancy Aite Group, Portfolio accounting systems for hedge funds, evaluates five portfolio accounting systems on the market with at least 60 hedge fund clients: Advent Software's Geneva, Linedata Services' Beauchamp Hedge Fund Suite, SS&C Technologies' Advisor- Ware and Total Return, SunGard's Visual Portfolio Manager (VPM), and Tradar's Insight.

Report author Denise Valentine notes that all products evaluated are based on accounting capabilities, but

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