Paris, New York, 25 January 2012 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that Canadian hedge fund Radiant Investment Management has gone live with Linedata Beauchamp, the company’s award-winning portfolio management software, and part of Linedata’s full front-to-back solution for hedge funds. Radiant is taking advantage of Linedata’s best-of-breed hosting capabilities and is running Linedata Beauchamp via Linedata’s Hosted Services.
Radiant, which was established two years ago, runs two funds which will both use the extensive portfolio management capabilities of Linedata Beauchamp. Norm Kumar, CIO and CCO of Radiant, said, “We selected Linedata Beauchamp for three key reasons: firstly, because among the systems we reviewed, and even an alternative that we trialled, it best handles the complex instrument types we trade. For Radiant, a second key factor was the ability to accurately shadow our NAV, which it does to the penny. Finally, our third reason was the fact that we have the system hosted by Linedata means we do not need to invest in the overhead of an IT department to run it.”
Linedata has an increasing presence in the Canadian market, having recently opened an office in Toronto to service our growing client base. Jack Wiener, Executive Vice President of Linedata North America, said, “We’re delighted to have Radiant manage their funds on Linedata Beauchamp. Increasingly, we’re seeing hedge funds select Linedata’s solutions as we can deliver a fully integrated front-to-back offering; with Linedata, you get a seamless solution that better enables hedge funds to meet the ever-changing requirements of the regulators and the increasing demands of investors. Linedata is an established, independent firm with a proven record of investing in innovative software to support our investment management clients.”
Linedata Beauchamp is suitable for any size of fund and forms part of a fully integrated front-to-back offering covering the trading, order management, portfolio management, compliance and reporting functions. Linedata also supports a wide range of services and connectivity to liquidity providers, prime brokers, administrators and others. As well as being recognized within the investor community as an independent, secure technology partner, Linedata has won several awards in the past year for its hedge fund offering including Hedgeweek’s Best Fund Accounting & Reporting System and HFMWeek’s Best Overall Technology Provider.
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 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 setup of SaaS 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, subsidiaries of banks or independents, and administrators.
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