Bermuda-based hedge fund administrator Fulcrum announced yesterday that it has implemented 'Geneva', portfolio management and fund accounting software.

Produced Advent Software, Geneva allows comprehensive instrument coverage, multi-currency capabilities, and profit and loss reporting at the security level.

Chris Mulhern, Fulcrum's chief operating officer, said: "As we grow and extend our business, Geneva's leadership position will benefit not only our overall service offering, but our business development and marketing. There are key components that will help us achieve our goal of being the gold standard administrator."

Established in Bermuda in 1995, Fulcrum Group is a global fund administrator for the hedge fund and alternative investment management industry. Fulcrum is management-owned and funded by 3i.