Salomon To Process Hedge Fund Accounts On Advent's Geneva System

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NEW YORK--Salomon Smith Barney's equity prime brokerage unit has licensed Advent Software's Geneva system for portfolio accounting for its hedge fund clients. The system is being used to maintain the books and records for funds who use Salomon's prime brokerage unit as their primary execution agent, says Sal Campo, a managing director with the group.

Campo could not provide a precise count of the number of clients, portfolios or total assets that will be managed with the system, but he says

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