Advent Software stated that Geneva allows Caledonian to conduct comprehensive instrument coverage and true multi-currency processing, and streamlines accurate reconciliation between fund managers and their brokers. Geneva supports a broad range of securities with comprehensive reference data, specialized transaction types, industry-standard accounting calculations and workflow automation that streamlines the management of complex instruments.
Gordon Wilson, managing director at Caledonian’s Isle of Man office, said: We chose Geneva because it is considered to be the best accounting system for the hedge fund market that we wanted to serve. Used by some of the largest firms in the industry, Geneva is a very robust system in terms of the types of securities that our clients trade, and it allows us to handle complex accounts for them.
Hakan Valberg, general manager of Advent Software EMEA, said: We’re pleased that Caledonian is growing their business using the many benefits provided by the award winning Geneva platform.
