Linedata Services Wins ‘Best Fund Accounting and Reporting Systems’ Vendor of the Year
LONDON, April 13, 2010 –Linedata Services (NYSE Euronext: LIN), the global leader for investment management and credit technology, announced today that it has been named ‘Best Fund Accounting and Reporting Systems’ vendor by HFMWeek, a leading weekly news source for the hedge fund sector, at the annual HFMWeek European Service Provider Awards.
“Linedata Services is proud to be recognised as the best fund accounting and reporting systems vendor in the alternative asset management space today,’” said David Bilbé, Managing Director of Linedata Services Northern Europe. “We are driven by producing solutions that the market needs, and that means increasing operational efficiencies, streamlining workflows, providing comprehensive compliance monitoring, reducing risk and building investor confidence.”
The judges praised Linedata Services’ hedge fund offering, which comprises sophisticated yet intuitive order and portfolio management, comprehensive compliance monitoring and robust reporting. “When investor pressure has pushed funds into ever more sophisticated and detailed reporting, Linedata Services systems have excelled throughout. A deserved winner,” commented the judging panel.
The HFMWeek Service Provider Awards recognise companies that have outperformed their peer groups over the course of the past year. They are judged both quantitatively and qualitatively, producing a list of winning companies that have demonstrated financial progress, growth and genuine innovation.
This award recognises the performance of Linedata Services’ fully integrated alternative technology offering over the past year, where enhancements in scalability and functionality, including robust counterparty risk reporting, have resulted in increased market uptake.
“It is always an honour to receive an award from the industries we serve, and I believe this is a recognition of our proximity to the hedge fund market and our desire to create software solution that meets its needs through market knowledge and innovation,” said Anvaraly Jiva, Chairman and Chief Executive of Linedata Services. “Linedata Services’ best-of-breed solutions bring real-time insights to all functions and phases of the investment cycle. Our clients value these insights, and we are very proud to be acknowledged by HFMWeek.”