SS&C Rolls Out Upgrade to Geneva Fund Administration Platform

Mar 7 2016 | 10:01pm ET

Major fund administration and technology services company SS&C Technologies has announced a new release of the well-known Geneva fund admin platform. 

The upgrade increases operational workflows and efficiencies, according to the company, and encapsulates the combined effect of SS&C’s recent acquisition of Advent. Technology experts on both sides of the business reportedly came together for the benefit of joint fund administration clients, the company said. 

A key Advent asset when SS&C purchased the firm for $2.7 billion in February 2015, Geneva is used by more than 400 large hedge funds, prime brokers and other investors for a broad suite of services, including real-time performance, P&L, position and exposure information for everything from single-instrument positions to complex global alternative investment strategies. 

The newest version of the platform addresses the need for fund managers to use proven technology yet also make sure operations can scale amid increasing complexity, the company noted.  Among the upgrades include streamlined accounting workflows for swap and bank debt and extended instrument support for emerging markets.

“We invest in upgrading and enhancing our infrastructure and technology and – because we own the technology behind the services – are able to respond more quickly to evolving customer needs,” noted Bob Schwartz, CTO of SS&C Technologies.

“We are thrilled by SS&C’s quick adoption of Geneva 15.2, as the latest release delivers immediate benefits to our license and outsourced customers,” said, Robert Roley, SVP Product and Client Experience, SS&C Advent. “SS&C’s fund administration business using the platform is further evidence of Geneva’s compelling enhancements and commitment to making the adoption of new releases as efficient as possible.”

Founded in 1986, Connecticut-based SS&C is a leading fund administrator for both onshore and offshore hedge funds, fund of funds and private equity funds. The company counts some 10,000 financial services organizations as clients, who manage an aggregate $44 trillion in assets.

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