NEW YORK, June 10 2010 – Linedata Services (NYSE Euronext: LIN), the global leader for investment management and credit technology, announced today that it has been named ‘Hedge Fund Technology Provider of the Year’ at the 2010 International Custody and Fund Administration’s (ICFA) American Service Provider Awards.
“Linedata Services is honored to receive this recognition of our efforts as a hedge funds solutions provider,” said Annie Morris, Managing Director of Linedata Services North America. “This award recognizes our innovations over the past year where we focused on addressing industry trends such as new regulations, demands for transparency, and outsourced/hosted solutions.”
The award is judged by a panel of four leading industry experts who selected Linedata Services’ hedge fund offering above industry peers based on significant client wins plus functional and technology enhancements added over the past year. Linedata Services’ hedge fund solutions provide complete front to middle to back features, including seamless trade and execution management, real-time and historical P&L, and fund level GL and NAV processing. This award follows on from Linedata Services’ recent HFMWeek awards for hedge fund systems in both the US and Europe.
“It is a privilege to receive an award for our hedge fund offering,” said Anvaraly Jiva, Chairman and Chief Executive of Linedata Services. “Linedata Services has been serving this market for over ten years, continuously investing in our products and people in order to maintain the delivery of best-of-breed solutions for the alternative investment space.”
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NOTES TO EDITORS
About Linedata Services
Linedata Services (Bloomberg: LIN:FP) is the global leader for investment management and credit software, solutions, and support. Linedata Services combines technological innovation, financial strength, and a deep understanding of the Asset Management, Leasing & Credit Finance, and Insurance & Savings industries. Linedata Services’ Asset Management division provides comprehensive, scalable solutions to the buy-side, to manage the entire investment process from pre-trade to post-settlement. Linedata Services is unique in offering a full front- to back-office solution via enterprise installation, or as an Application Service Provider (“software as services” or “service bureau” delivery), and has 20 years experience delivering ASP solutions.
Headquartered in France, Linedata Services achieved revenues of EUR 144.5 million in 2009, has offices worldwide and services more than 700 clients across 50 countries. For more information visit Linedata Services’ corporate site at www.linedata.com.
About Linedata Services’ Hedge Fund Solution
Linedata Services’ Hedge Fund Solution is a comprehensive platform catering to multi-currency, multi-asset class, multi-prime and multi-strategy investing. It encompasses order and portfolio management, industry-leading pre- and post-trade compliance monitoring and a full reporting facility. It comes with a comprehensive rules library and an intuitive rule-builder, full trade order management capabilities with portfolio modeling and advanced rebalancing. Also in this unique package is our award-winning portfolio management software, enabling sophisticated tracking of product and counterparty financing plus accurate NAV estimation to both reconcile with and monitor third party administrators.