Advent eyes expanded role in hedge fund software market

Advent Software, already the dominant provider of portfolio accounting software for teh hedge fund industry, is developing hosted solutions and expanding its footprint in the middle office.


“We believe the next five to 10 years will be great for the hedge fund industry,” declares Peter Hess, president of Advent Software. “It’s a great way to invest.” As more controls are put in place on the industry the perceived risk of investing with hedge funds will disappear over time, says Hess. “Assets under management are almost back to where they were at their peak of almost $2 trillion. I’d say the forecast for hedge funds looks good,” he notes.

His upbeat attitude to the future of the

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