Grassi & Co. expands fund administration practice

Grassi & Co.'s fund administration practice is expanding its service capabilities and will now offer Advent's Geneva software, the industry's premier global investment accounting solution that solves the complex challenges faced by hedge funds, global asset managers, private equity funds and mutual funds with speed and efficiency unmatched in the marketplace today. Grassi & Co.'s financial services professionals serve more than 250 financial services clients spanning investment entities of all types—including investment partnerships, managed accounts and registered investment advisors. This experience has resulted in the firm's fund administration practice earning a reputation for financial and service innovation—evidenced by Grassi & Co. being ranked by HFMWeek as one of the top fund administrators based on assets under administration in both the single managers and fund of hedge fund categories. Leveraging their knowledge and experience, Grassi & Co.'s fund Administration practice provides exceptional and timely fund accounting, investor and audit and tax assistance services to its clients on a daily, weekly, monthly and quarterly basis. Utilizing Geneva will ensure continued delivery of high-quality service as the software offers more accurate and flexible reporting and eliminates batch processing and time-consuming error corrections. Geneva also unifies the general ledger and portfolio sub-ledgers. Grassi & Co. will integrate Geneva into its suite of fund administration services, a fully-integrated front-to-back office service solution developed for the financial services industry, specifically hedge funds. Grassi & Co. will also offer Geneva World Investor to its clients to provide an integrated solution in order to achieve greater transparency, fully support onshore and offshore investors, and meet comprehensive reporting requirements with ease for a complete view of your business. "As the industry's most scalable and robust accounting solution, Geneva offers the right platform to support our administration and accounting clients." said James Anziano, CPA, partner and fund administration service leader, Grassi & Co. By utilizing Geneva and World Investor to provide fund accounting services, Grassi & Co. will streamline operations by reducing business risk, and will provide more timely information resulting in improved investment decision making for clients.