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Vastardis Capital Selects Advent’s Geneva
Published on Nov 03, 2010

Advent Software, a provider of software and services for the global investment management industry, announced that Vastardis Capital Services is using Geneva, Advent’s award-winning portfolio management and fund accounting solution, to support its growing fund-of-funds business.

Vastardis was one of the earliest adopters of Geneva 8.0, the latest version of the product which includes powerful portfolio management capabilities, out-of-the-box integration to counterparties and industry leading data providers, and easy to use and customizable access to real-time data.

Vastardis is a global fund administrator headquartered in New York with offices in Toronto and Singapore. The firm has approximately $20 billion in assets under administration. More than 75% of assets administered by Vastardis are from fund-of-funds managers. The firm turned to Advent to provide it with an investment platform that allowed for ease of integration with internal and third-party systems to support fund-of-funds workflow, while also providing enhanced security coverage to support direct strategy clientele.

John Stefankiewicz, Partner and Chief Operating Officer, commented, “Funds-of-funds are particularly challenging, and with our prior system, we couldn’t integrate the way we wanted. The open architecture in Geneva has allowed us to integrate effectively our proprietary technology and workflow for our fund-of-funds clients. In addition, the enhanced bank debt and swaps functionality, new integration accelerators and superior data browsing found in the latest version of Geneva have put us in an even better position to grow our business.”

Todd Gottula, Senior Vice President and General Manager of Global Accounts at Advent, commented, “We are very pleased that Vastardis has upgraded to Geneva 8.0 to support its fund-of-funds business. This is a prime example of Advent’s solutions for the alternative asset market having the flexibility to support firms of all sizes and strategies. It is gratifying to know that the new features in the latest release of Geneva provide Vastardis with improved growth potential for both existing and new business.”**

Vendor name: Advent Software
Buyer name: Vastardis Capital Services
Product type: Accounting | Fund / Asset Management Operations | Fund Accounting | Portfolio Management

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