NEW YORK, 18/10/2010: Linedata, the global solutions provider dedicated to the investment management and credit industry, has been selected by QUANTIS Investment Management Zrt., a leading Eastern-European multi-manager fund company, to provide strategic software for its front to back office operations. With AUM doubling in the past year and specific Hungarian compliance requirements, QUANTIS is implementing the Linedata Longview electronic trading platform integrated with the Linedata Mfact fund accounting platform.
QUANTIS, Linedata’s first Hungarian based asset management client, needed an integrated, comprehensive system that could handle rapid growth and be compliant with Hungarian regulations requiring auditable fund management software. The announcement was made today from Linedata Exchange, an investment management industry summit for front to back office asset management professionals hosted by Linedata in which QUANTIS is participating.
“Linedata offered a single-vendor, front-to-back office solution which has been recognised as an industry standard within Hungary by a leading global audit firm earlier this year, this was very attractive to us,” said Ákos Sárándi, CEO of QUANTIS. “Our AUM has doubled over the past year and we expect extraordinary growth in the near future both locally and regionally. We needed a way to confidently automate our workflows and be compliant with Hungarian fund accounting regulations. Linedata gave us the scalable technology, the partnership and the expertise that we needed, making us confident that our funds are positioned for further growth.”
The strategic implementation will manage QUANTIS’ day-to-day trading, portfolio management and order management through to fund accounting post-settlement.
“We are helping QUANTIS provide an unrivalled level of confidence to investors with our audited solution in Hungary, and one that spans the entire investment cycle,” said Mike de Verteuil, Linedata’s Group Business Development Director. “In addition to reducing operational risk and controlling overhead, we are giving QUANTIS a real differentiator in the market, which is going to help drive growth, attract significant new investment and continue its impressive growth.”
ABOUT QUANTIS INVESTMENT MANAGEMENT ZRT.
QUANTIS Investment Management Zrt based in Budapest is a leading independent multi-manager fund management company which primarily focuses on fund selection. QUANTIS has an asset under management of USD 450m and manages 10 mutual funds and 14 segregated accounts. The fund selection process of QUANTIS is based on its proprietary Q-SELECT methodology.
QUANTIS Investment Management Zrt. is the member of BROKERNET Group which is the biggest independent financial advisory firm in Hungary. QUANTIS was registered by the Metropolitan Court as Company Court on 7 July 2008. The Hungarian Financial Supervisory Authority approved the company’s license in its Resolution No. E-III/1095/2008 on 5 December 2008.
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 840 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the set up of ASP infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 144.5 million in 2009. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
Linedata provides comprehensive front-to-back solutions and services to manage all types of investment processes, from pre-trade to post-settlement, across a wide range of firms, including institutional portfolio and collective management companies, hedge funds, prime brokers, fund managers, transfer agents, corporate savings fund managers, and subsidiaries of banks or independents.
For more information, please contact:
Patricia Regnault Fouqueray, Director, Marketing & Communication
Tel: + 33 1 47 77 68 22
QUANTIS Investment Management Zrt
Akos Sarandi, Chief Executive Officer
Tel +36 1 413 2283
Tel: 44 (0)20 3100 3705