GlobeOp has launched hosted services for Geneva, intended to offer hedge funds a scalable outsourcing solution that can reduce both fund time to market and execution risks.

The customised hosted and full platform conversion services are available both on a standalone basis, or integrated within GlobeOp's middle- and back-office, fund administration and managed services packages.

GlobeOp's experience converting hedge funds to Geneva creates a comprehensive hosted solution for leveraging Geneva benefits that include real-time investment portfolio views, customisable and flexible reporting tools, extensive investment coverage, and improved operational structure and cost management.

"Geneva is the gold standard for hedge fund and alternative investment accounting," said Tom Zdon, vice president of Business Development at Advent.  "This exciting new strategic relationship with GlobeOp increases the potential for firms of all sizes and strategies to leverage Geneva to improve their operations, reduce risk, and increase top line revenue.  Geneva is ideally suited for delivery in a hosted environment, offering clients lower implementation risk, faster conversion times, and reduced need to manage technology and integration in-house."