BOSTON, May 17, 2011 – Linedata (NYSE Euronext: LIN), the global leader for investment management and credit industries, today announced the outcome of its hedge fund panel, ‘Optimizing your Business Model for Growth,’ one of a global series of hedge fund events running throughout 2011. This thought-leadership event, held at the Ritz Carlton San Francisco, attracted over 70 hedge fund professionals.
The speakers included Seth Blackman, Principal at Rothstein Kass; Chris Grandi, President of Abacus Group; Bart Mallon, Partner of Mallon P.C.; and Jack Wiener, Executive Vice President of Linedata North America.
Each of the four speakers provided key insights into strategies for managing today’s hedge fund challenges. They identified operational efficiency and understanding regulatory needs as key drivers to overcoming the challenges of an evolving regulatory environment, along with increased investor requirements and stronger competition. The panel’s ultimate conclusion was that hedge funds need to start planning for the long-term and leverage technology to optimize current business processes in order to grow in today’s market.
Blackman commented, “Hedge fund managers must have a vision for their business and structure their funds in a way that compliments their investment strategy. From there they must establish a sound infrastructure that supports said structure and is flexible enough for growth. Funds have to ask themselves: will this business model support me now and in the future?”
Mallon observed, “The industry needs to understand the legal requirements of doing business in an environment that is becoming more regulated. The day of hedge funds adhering to a different set of rules is near its end and the funds that better understand and begin optimizing the operational process will be better positioned to capitalize on market opportunities.”
Grandi advised, “Funds that want to shoot from the hip will find that their business model is not scalable in today’s market. There is a wealth of opportunity for all sized funds if they have a business model that can grow with them. We see more and more funds moving their infrastructure to an outsourced model, allowing them to remain focused on what they do best, managing money.”
Host of the event, Jack Wiener said, “We find that hedge funds are actively seeking systems and best business practices to support growth. Linedata’s modular, integrated, front-to-back offering is an ideal solution, highly scalable, automating processes and streamlining workflows. Indeed, we continue to see hedge funds choosing Linedata, having just added several new clients to our growing hedge fund client base.”
Linedata hosts educational panels and briefings throughout the year. Its next alternative investment panel is scheduled to take place in New York City in mid-June 2011. To learn more, please go to www.linedata.com/newsroom/events.
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 800 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 136.2 million in 2010. 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.
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