Notice on Tuesday means that there is integration between Advent portfolio accounting and solutions, Advent portfolio Exchange ? (APX) and Axys ? and eVestment Alliance Exchange product.
Both sides see this as helping asset managers reduce the time and effort associated with completion of the consultancy and third-party databases with quarterly data.
Matt Crisp, principal and co-founder of eVestment, said, "this relationship has been formed as a direct response to client requests to simplify data update process and with Advent superior software, we're certain it will present tremendous advantages for clients of both organizations."
George McLaughlin, senior director at Advent, said, "Advent saw an opportunity to join forces with eVestment Alliance to help our clients streamline the process for updating third party databases."
Both companies are familiar to readers of this site eVestment Alliance is the parent company of Hedgefund.net while Genesis has been sponsor of Hedgefund.net twice a year Hedge Fund Administrator survey.
Advent and eVestment data integration solution is expected to be available in early 2012.
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