PARIS, HONG KONG, LONDON, BOSTON, May 12, 2016 - Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, has partnered with Sycamore Investment Services in Shanghai, to provide a complete front to middle-office service to the hedge fund community in China.
The partnership will provide Sycamore’s middle office outsourcing services alongside Linedata’s flagship hedge fund management offering, Linedata Global Hedge. This will create a full service for hedge fund clients in China, in particular allowing those firms without complete fund operations to access the full capabilities of the Linedata product with the addition of an outsourcing capacity.
Designed specifically to meet the needs of the hedge fund industry, Linedata Global Hedge is an intuitive end-to-end portfolio management system, providing clients with total control of their portfolios and transactions in an industry with increasing trading volumes combined with heightened transparency requirements.
The partnership with Sycamore reflects an increasing demand from hedge funds in China to seek middle and back office fund operation and administration services from a third party provider to provide trade processing, corporate actions processing, position/transaction reconciliation, pricing/valuation, P&L analysis, NAV calculation and investor relations services.
Sally Crane, Managing Director for Asia Pacific at Linedata, says: “Understanding and meeting the needs of our clients is central to our philosophy at Linedata. This partnership demonstrates our commitment to deliver not just a product but the complete end-to-end solution our clients demand. With the strong reputation of the management team, Sycamore has established an extensive network in China since its launch last year and was a natural partner as we look to build on our recent momentum in the region.”
Jeff Li, CEO, Sycamore, says: “Sycamore is a technology driven company, delivering high quality services through our robust technology platform. Linedata offers complete solutions to our hedge fund clients. By partnering with Linedata, we can ensure our clients receive our best middle office services. We look forward to the strong partnership with Linedata.”
Linedata is a global solutions provider dedicated to the investment management and credit community, with close to 1000 employees in 16 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. As a pioneer for over 15 years with the set-up of SaaS infrastructure for the financial industry, Linedata remains committed to this model throughout the global financial community and for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 172.3 million in 2015. This company is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
Sycamore was founded by a group of renowned financial experts in 2015 in Shanghai. Our team comprises of experts with backgrounds from large international hedge fund companies who specialize in fund management, operational services and investment consulting. Based on our advanced technology platform, we provide full-scale and customized operation and investment services to Chinese investors using cross border investment vehicle. We differentiate ourselves by building innovative approaches to fund operations valuation, analytics, risk management, quality of client services, and cross-border investments in alternative assets.