Advent® for

Fund AdministratorsYour Competitive Advantage in a Fast Changing Market

Innovation & Proven Reliability Since 1983

Advent Software®

www.advent.com

Advent for Fund Administrators: Power and Agility to Stay Ahead in an Ever-Changing Market

The rapid changes in the current financial market are

continually transforming the fund administration industry.

To stay ahead, progressive fund administrators must adapt

constantly to new and exotic investment instruments,

highly sophisticated strategies, and complex, multi-

tiered fund structures. Today’s hedge fund managers are

increasingly demanding and the marketplace is increasingly

competitive. To satisfy existing clients and build your

business, you need a technology platform that enables you

to deliver superior service and adapt quickly to change.

Since 1983, Advent Software has been helping fund

administrators expand service offerings and grow assets

under administration while controlling costs. Today, Advent

is the leading software company devoted exclusively to

serving the needs of the global investment industry. That is

why leading fund administrators, including seven of the top

10 worldwide, rely on Advent as their technology partner.

“Advent’s approach to implementation, documenta-tion, and training makes Geneva a very attractive system. I would be telling anyone who asks that you’d be crazy not to go the Advent Geneva route for hedge fund management or fund administration.”

Chris MulhernChief Operating OfficerFulcrum Limited

Advent has become the proven industry leader within the alternative investment market. Our clients include:• Three-quarters of the top global fund

administrators• 8 of the top 10 global prime brokers• Over 125 hedge funds

Gain the Strategic AdvantageAdvent for Fund Administrators is the first comprehensive technology solution designed to meet the challenges of a complex, high volume, global fund administrator. It’s a fully integrated platform encompassing: • Fund accounting and unit pricing• Shareholder servicing and onshore and offshore

partnership accounting• Transfer agency and equalization accounting• Data management and straight through processing

Whether you provide administration services to hedge funds, funds of funds, or cater to both, Advent for Fund Administrators is the first and only solution that positions your firm to meet tomorrow’s fund administration challenges today. It enables you to:• Lower production costs by eliminating inefficiencies

and redundant processes• Improve your fund-accountant-to-fund ratio by reducing

unnecessary manual tasks• Refocus human resources and realize economies of scale

by centralizing operations• Differentiate your services by reducing inaccuracies

and improving time to delivery• Account for virtually every type of investment instrument

and strategy and adapt to new ones as they come on stream

Real-time Portfolio Accounting for a 24 / 7 WorldThe core of Advent for Fund Administrators is Geneva®, the industry-leading, real-time portfolio accounting engine that powers Advent’s fund accounting and unit pricing.

Only Geneva is designed to handle the evolving challenges in the hedge fund marketplace: greater trade volumes, higher service expectations, and new investment strategies and instruments. Geneva gives you the power to meet these challenges through a proven, scalable, enterprise-wide system that allows users immediate access to critical, accurate, and actionable data.

Geneva empowers fund accountants and operations staff with:

Complete coverage of all instruments and transaction

types. Geneva provides full investment, accounting, and operational support for global equities, global fixed income, currencies, and complex derivatives such as swaps and

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“Stating the fact that we use Geneva makes marketing to clients and speaking to our clients’ investors a slam dunk.” Richard BucklandHead of North America OperationsLaCrosse Global Fund Services

$18 Trillion Total assets managed by firms using Advent

technology

The Geneva® Data Browser provides fast, easy access to portfolio data.

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credit facilities. This robust support eliminates the need for offline processing, which can lead to accounting errors and processing delays.

Comprehensive portfolio accounting and NAV reporting.

Geneva supports full tax lot level portfolio accounting and NAV calculations for both multiclass and master-feeder accounting structures.

Firm-wide access to in-depth information. Geneva features real-time, drill-through reporting that allows users to drill into reports and analyze the underlying positions or accounting. Operations and accounting staff can move easily throughout the system and access the exact information they need—exactly when they need it.

Real-time, dynamic error correction. Change or update data within the system and the change is reflected within all reporting and accounting results in real time.

Full audit trail and knowledge date reporting. Geneva’s audit trail stores the before and after values for all systematic data changes, while also allowing users to generate “as was” reporting to analyze results prior to the data changes.

Unlimited multicurrency processing. With no systematic base currency, Geneva allows portfolio managers to perform accounting in any base currency and easily generate reports for portfolios trading in multiple currencies.

Customizable user profiles and entitlements. Control user access by both portfolio and features, so users’ access can be defined based upon their job requirements.

Open architecture for seamless integration. Geneva’s industry standard toolkit allows firms to exchange data with multiple areas of the organization and integrate offices around the world on a single platform.

Take Workflow Efficiency to a New LevelThe Advent for Fund Administrators Workflow Manager module automates and streamlines data management and facilitates straight through processing through efficient integration of data between applications, whether Advent or third party, internal or external. Workflow Manager is designed to manage your unique requirements for sourcing critical data, such as trading, pricing, or custodial informa-tion, and for sharing portfolio data with clients, prime brokers, and other service providers. These automated connections speed the flow of data, eliminate manual re-entry, reduce the risk of error, and improve data integrity.

Geneva® easily handles swaps and other complex derivatives.

60Number of countries in which Advent serves

the diverse needs of clients

“We have all sorts of multistrategy funds, and there hasn’t been a security type where we’ve had to come up with a solution with the system. Geneva is able to handle everything. It’s exceeded expectations.”

Benjamin PershickChief Operating OfficerAdmiral Administration Limited

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Accurate Partnership Accounting for Superior Client ServiceAdvent for Fund Administrators incorporates the full functionality of Advent Partner® for robust and accurate investor-level accounting, no matter how complex.

Advent Partner is the only solution you need for servicing onshore and offshore funds, funds of funds, and limited partnerships. Because it integrates seamlessly with Geneva, Advent Partner eliminates manual data entry between systems, improving operational efficiency and reducing the risk of error.

Advent Partner is the singular solution for:• Economic and tax bookkeeping for onshore investors, with

support for tax lot layering, multiple aggregate allocation methodologies, and production of U.S. Schedule K-1s

• Multiclass, multiseries accounting for offshore investors• Tracking fund attributes and relationships for fund

structures, such as master-feeder, fund of funds, and other complex configurations

• Investor management with the ability to set up investor reference data in a central place and apply it to individual funds, automate capital account creation and class series grouping, process and track the lifecycle of all capital coming in and out of funds, and track and report on interested parties

• Performance and management fee calculations, including the ability to charge fees at the beginning or end of the period

• Reporting by capital account, investor entity, series, class or fund, or consolidated reporting across funds

• Equalization• Transaction management with “4 Eyes” support, which

includes the ability to accept, acknowledge, and confirm capital flows by setting transactions to an accepted or rejected status

Advent Partner provides a top-level view of investors across all funds. It gives your firm a single, centralized source for investor data such as names, addresses, interested parties, and other relationship details. Managing investor data, business rules, fees, and reporting has never been easier.

Maximize Your Operational Efficiency Advent for Fund Administrators is designed to reduce human intervention—and chances for error—in transfer agency and equalization accounting. Geneva’s unified data, double-entry accounting model dramatically simplifies accounting

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Advent Partner® accounts for complex fund structures, such as master feeder and fund of funds, with ease.

“As a small administrator, we need every advantage that we can get to win business. When we have the techno-logical advantage of Geneva, that makes it a lot easier.”

Tim DunnVice President, Information TechnologyMadisonGrey

“Over the last eight years, Advent has really improved the usability of Advent Partner to the point that there is very little that has to be done manually. It’s become a much more industrial strength product.”

Andrew L. MacQueen, CFAHead Trader and Director of Information ServicesNewSouth Capital Management, Inc.

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Advent for Fund Administrators Solution Modules

Advent Geneva®

Geneva is the only portfolio management solution designed to meet the demanding, real-time operational requirements of global hedge funds, fund administrators, and prime brokers. It gives investment professionals fast access to the real-time information they need and provides the back office with the tools to stay ahead in an ever-changing marketplace. Geneva provides:

• Complete coverage of all instruments and transaction types • Comprehensive portfolio accounting and NAV reporting• Firm-wide access to in-depth information• Multilevel performance measurement reporting • Real-time, dynamic error correction• Full audit trail and knowledge date reporting • Unlimited multicurrency processing• Comprehensive user level security• Open architecture for seamless integration • Scalable enterprise technology for 24 / 7 operations

Advent Partner®

Advent Partner makes accounting for individual investors fast and accurate, empowering you to provide superior service and comprehensive reporting for both onshore and offshore funds. Advent Partner integrates seamlessly with Geneva to eliminate manual data entry, errors, and automate a host of investor servicing functions, including:

• Investor management with automated reporting and record keeping

• Performance fee calculations• GAAP accounting book features• Investor accounting for both onshore and offshore funds• A streamlined workflow and secure data

Geneva Workflow Manager and Accelerators

Geneva Workflow Manager is a comprehensive business process management and integration tool set that allows you to:

• Easily integrate Geneva with other systems and data sources, thereby eliminating duplicate data entry and ensuring data integrity

• Configure your own integration business logic and error checking rules and manage repair queues

• Create business processes that unite your disparate software applications into a coherent whole

• Visibly manage and control information flow and monitor business operations across multiple systems

Preconfigured Geneva Integration Accelerators are available to interface and manage the workflow between Geneva and the following systems and data sources:

Advent PartnerAdvent Corporate Actions® (ACA)Advent® Custodial Data (ACD)GainsKeeper®

Interactive DataAdvent Moxy®

processes. Dynamic error correction of historical data immediately updates all subsequent and dependent transactions. Geneva Workflow Manager and Accelerators makes it easy to achieve real-time integration between the portfolio accounting platform and transfer agency modules. The result is the fastest and most accurate NAV calculations and reporting available.

Trust in Experience and Proven ResultsWho better to help you make the most of your Advent solution than the company that built it? With thousands of successful implementations and an average client tenure of more than seven years, our services organization knows how to ensure your firm’s success on Advent solutions.

Advent project managers and consultants offer you:• Experienced professionals who have successfully deployed

Advent solutions for more than 4,500 client firms• A proven methodology that gets all parties aligned, goals

defined, and roles assigned upfront• Reduced internal burden, freeing your staff to focus on

their work• Business continuity with no downtime or business

disruption during the transition• Optimal performance from day one—no surprises or

setbacks when your new solution goes live• Faster return on investment in the form of increased

efficiency, higher productivity, lower operating costs, and enhanced client relationships

Employing industry-leading best practices and tools, Advent consultants have built a solid track record of delivering fast, predictable results. Our expertise extends beyond our software. Our broad industry experience enables us to advise clients on a range of strategic, functional, workflow, and technical issues—everything you need to operate at peak efficiency.

With Advent for Fund Administrators, you get not only a superior solution for managing your funds and clients, but also a true technology partner you can count on for years to come.

1,000+ Years of experience on Advent’s product

development team

To learn more about Advent® for Fund Administrators—and how it can be tailored to your specific operational challenges—visit our website: www.advent.com

About Advent SoftwareAdvent Software, Inc. has been providing trusted solutions to the world’s leading financial professionals since 1983. Firms in 60 countries using Advent technology manage investments totaling US $18 trillion. Advent’s quality software, data, services, and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.

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Advent Software, Inc.600 Townsend StreetSan Francisco, CA 94103800-727-0605

666 Third AvenueNew York, NY 10017212-398-1188

16/F, Cheung Kong Center2 Queen’s RoadCentral, Hong Kong+852 2297 2280

One Bedford AvenueLondon WC1B 3AUUnited Kingdom+44 20 7631 9240

Copyright © 2008 Advent Software, Inc. All rights reserved. ADVENT, the ADVENT logo, Advent Corporate Actions, Advent Custodial Data, Advent Partner, Geneva, and Moxy are registered trademarks of Advent Software, Inc. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies. Information subject to change without notice.

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BROFA1108

600 Townsend StreetSan Francisco, CA 94103

800-727-0605

666 Third AvenueNew York, NY 10017

212-398-1188

16/F, Cheung Kong Center, 2 Queen’s Road

Central, Hong Kong+852 2297 2280

One Bedford AvenueLondon WC1B 3AU

United Kingdom+44 20 7631 9240

Advent Softwarewww.advent.com

®

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