Back Office & Operations Hedge Funds

Fidelity prime brokerage adds portfolio management system

by

To enhance its services, Fidelity Prime Services has added a global portfolio management and fund accounting system to its trading platform. The new system, Advent Software’s Geneva 7.0, provides hedge funds with real-time access to portfolio data as well as enhanced reporting capabilities.

At a time when investors are perhaps more concerned with risk management than ever, hedge funds have been aggressively stepping up efforts to monitor their own risk and may require increasingly intricate technologies in order to do so.

“Our prime brokerage clients have increasingly requested customized, real-time portfolio accounting and reporting capabilities,” said Jim Coughlin, a senior