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Linedata provides a broad portfolio of asset management technology and outsourcing and co-sourcing solutions for Asia Pacific fund managers, administrators, and brokers. Our Services offering includes Front Office Services (investment research, portfolio monitoring, and data analytics); Risk Management (risk, liquidity, performance attribution, and reporting); Middle and Back Office Services (trade processing, reconciliation, and reporting); Fund Accounting (shadow NAV, tax and audit, investor reporting); Software Advisory and Transformation, and Technology Services (cloud, cybersecurity, and managed services).
Overview
AI-powered Recon solution cuts quarterly reporting timeline
Linedata’s AI-powered solution cuts PE Manager’s quarterly Reconciliation and Reporting turnaround from months to days
Client profile: Multibillion-dollar Asset Manager with Private Equity, Capital Markets, Real Estate, and Equities Strategies ($5B+ AUM)
Client Challenges
- Our client was overloaded by end-of-period data consolidation, reconciliation, and reporting for GPs and portfolio companies
- Its in-house team lost time chasing delayed reports and converting analog data into digital format
- Capacity bottleneck meant the team could only reconcile ‘samples’, not the entire portfolio
Our Solution
People: Chartered Accountant-qualified Fund Accounting team provides extra BAU capacity, plus scale and elasticity during peak periods
Process:
1. Collect quarterly reports on behalf of our client and digitize and reconcile reporting figures
2. Address late reports/discrepancies directly with reporting entities
3. Consolidate reporting and present final financial reports to our client for decision-making
Technology: Linedata-licensed and hosted Reconciliation engine, Fund Accounting platform, and AI application
Client Benefits
- Accurate, on-time reporting: Our client now receives vital business intelligence on time, enabling effective decision-making
- Full reconciliation: Automated reconciliation across the entire portfolio increases accuracy and reduces operational risk
- A cost-effective approach provides scale, eliminates bottlenecks, and keeps our client focused on top priorities
- End-to-end solution: Our client can rely on Linedata for People, Process, and Technology
- Local language support: Our onshore model provides seamless follow-up with reporting entities
Risk Reporting solution enables SFC and MAS compliance
Full-suite Regulatory and Risk Reporting solution helps Asset Manager fully comply with SFC and MAS requirements
Client profile: Multi-billion-dollar China Asset Manager with Wealth, Alternative, and Mutual Fund offerings ($5B+ AUM)
Client Challenges
- Our client faced operational bottlenecks from regulatory and risk reporting as its business lines and portfolios expanded
- Multiple office locations meant different regulatory bodies and reporting requirements
- Existing systems and processes could no longer support business growth
Our Solution
People: Team of qualified Financial Risk Managers to build, review, and deliver end-to-end risk solution
Process:
1. Collect end-of-day NAV snapshot from our client
2. Push portfolio snapshot through risk engine, review output for outliers, and discuss outliers with client
3. Push data to the client in report and dashboard format
Technology: Linedata-hosted and licensed Risk Engine, Reconciliation Engine, and Linedata web portal
Client Benefits
- No upfront investment for systems or staff, just share reporting requirements
- A cost-effective approach provides scale, eliminates bottlenecks, and keeps our client focused on business priorities
- End-to-end solution: Our client can rely on Linedata for People, Process, and Technology
- Local language support: Our onshore model provides seamless follow-up with reporting entities
Macro fund launches with 1 headcount using our Ops Solution
All-in-one Operational Solution enables Macro strategy to launch with just one headcount
Client profile: New launch Macro portfolio manager (<$100M AUM)
Client Challenges
- ‘One-man-band’ start-up portfolio manager needed operational support to launch strategy
- Limited budget and tough hiring environment made traditional launch impossible
- Founder had limited Operations experience and was unable to cover tasks himself
Our Solution
People: Middle Office, Risk, and Fund Accounting team, covering the full remit of operational requirements
Process: End-to-end Middle Office, Back-Office, and Risk support, covering T0/T1, month-end, and risk reporting requirements
Technology: Linedata-hosted and licensed Portfolio Management System, Market Data, Risk Engine, and Web Portal
Client Benefits
- No upfront investment for systems or staff – just introduce counterparties and start trading
- Direct follow-up with counterparties on behalf of our client for T0 matching and clearing of cash and position reconciliation breaks
- Lean organization: Our solution helps the Portfolio Manager maintain low overhead while establishing his portfolio and track record
- A cost-effective approach provides scale, eliminates bottlenecks, and keeps the client focused on investments
- End-to-end solution: Our client can rely on Linedata for the right mix of People, Process, and Technology to grow their business
Manager streamlines Recon with AI-enabled onshore solution
Asset Manager streamlines 100+ client accounts with automated full-suite Reconciliation Solution powered by AI and Onshore Support
Client profile: Multi-billion-dollar China Asset Manager with Wealth, Alternative, and Mutual Fund offerings ($5B+ AUM)
Client Challenges
- Our client’s counterparties provide custodial statements in PDF format, requiring manual data entry
- Manual processes are slow, inefficient, and prone to human error
- Counterparties often speak only Mandarin or Cantonese, meaning an outsourced solution requires onshore talent
Our Solution
People: Onshore Middle Office staff fluent in Mandarin and Cantonese
Process:
1. Custodial statements are received via SFTP and digitized by an AI application
2. Cash and positions are reconciled line by line
3. Follow-up with counterparties is performed by Linedata staff who speak Chinese fluently
Technology: Linedata-hosted and licensed Portfolio Management System, Reconciliation Engine, and AI application
Client Benefits
- Automated reconciliation: Client enjoys straight-through-processing of cash and position changes
- Faster, simpler solution saves time, contains cost, and reduces operational and manual entry risk
- Local language support: Our onshore model provides an outsourcing solution delivered by fluent Mandarin and Cantonese speakers
Specialist expertise supports Structured Product fund launch
Asset Manager launches complex Structured Product strategy thanks to Linedata’s unique asset class expertise
Client profile: Diversified Asset Manager with both discretionary trading and alternative strategies
Challenges
- The client’s complex investment strategy relies heavily on structured product instruments, requiring hard-to-find expertise
- Other service providers were unable to support such exotic instruments from a People, Process, and Technology standpoint
- Hiring internal middle-office and back-office staff with structured product experience was difficult and unsustainable
- Brokers require an independent valuation of the client’s portfolio to quantify investment strategy and control risk
Our Solution
People: Certified Financial Analyst (CFA) and Financial Risk Manager (FRM) charter holders working as an extension of the client’s team
Process:
1. Receive Structured Product term sheets from counterparties
2. Track structured product underlying securities
3. Independently value portfolio and measure risk
4. Perform daily BAU middle-office and back-office tasks end-to-end
Technology: Linedata Portfolio Management System, Reconciliation Engine, and Risk Engine
Client Benefits
- End-to-end People, Process, and Technology support: Our client can execute its strategy without bottlenecks or staffing headaches
- Cost efficiency: No additional headcount or system investment is required
- Continuous improvement loop: Client can access our Risk and Valuation team to continuously improve its strategy
- Follow-the-sun support: Our client enjoys operational support during Asia and US trading hours
Client wins with Insourcing, Outsourcing, and Co-Sourcing
Forward-thinking Fixed Income Manager enjoys agile, cost-effective, sustainable operations with Insourcing, Outsourcing, and Co-Sourcing solution
Client profile: Asia Billion Dollar Club fixed-income Hedge Fund manager ($1B+ AUM)
Challenges
- Our client’s AUM growth was causing operational challenges
- Ongoing bottlenecks for both BAU and ad-hoc tasks limited the firm's ability to scale
- The cost and lack of qualified talent meant insourcing was unsustainable
Our Solution
People: Middle Office and Fund Accounting experts engaged in a dedicated plus shared resource model
Process:
1. Dedicated Linedata staff are ‘embedded’ in the client’s team, join internal meetings, and perform ad-hoc tasks
2. Shared resources provide ‘baseload’ capacity and cover daily set tasks, including trade processing, reconciliation, and reporting
Technology: Linedata Portfolio Management System
Client Benefits
- Best of both worlds: The cost efficiency and automation of outsourcing combined with the flexibility and control of insourcing
- Local language support: Onshore support enables seamless integration into our client’s team
- End-to-end solution: Our client can execute their chosen strategy without operational bottlenecks
- Service assurance: Embedded resource has full-time access to Linedata’s global team and knowledge base
- Built-in Backup: The dedicated team member’s ‘shadow’ steps in when the primary resource is away, providing year-round coverage
AI-powered digitization + Onshore support = Recon solution
AI-powered digitization and onshore support provide an automated full-suite Reconciliation solution
Client profile: Multi-billion-dollar China Asset Manager with Wealth, Alternative, and Mutual Fund offerings ($5B+ AUM)
Challenges
- Client counterparties send custodial statements in PDF format, making data entry a manual process
- Manual processes are inefficient, untimely, and prone to human error
- Some counterparties only speak Mandarin or Cantonese, meaning the outsourced solution cannot use offshore talent
Our Solution
People: Onshore middle-office staff fluent in Mandarin and Cantonese
Process:
1. Custodial statements received via SFTP and digitized by an AI application
2. Cash and Positions are reconciled line by line
3. Follow-up with counterparties is performed by staff who are fluent in Chinese
Technology: Linedata-hosted and licensed Portfolio Management System, Reconciliation Engine, and AI application
Client Benefits
- Automated reconciliation: Client enjoys Straight-Through-Processing
- Faster, simpler solution: Cost efficiency, reduced risk, and timely reconciliation
- Local language support: Onshore support allows for outsourcing
Share Class Reporting Solution ensures 100% accuracy
Shadow Investor Share Class Reporting Solution ensures 100% accuracy for Hedge Fund investor reports
Client profile: Established multi-billion-dollar Asia-based Hedge Fund manager ($1B+ AUM)
Challenges
- Our client experienced inconsistencies with month-end investor-level reporting from its Fund Administrator
- Time pressure made it impossible to create investor-level Shadow NAVs for each investor for both the share class and side pocket and reconcile against the Fund Administrator’s reports on time
- At best, our client could only run shadow NAVs for a sample of investors at month-end
Our Solution
People: Chartered Accountant-qualified Fund Accounting team provides extra scale at month-end
Process:
1. Compile transaction-level data from counterparties
2. Calculate shadow NAV at investor share-class level
3. Reconcile with Fund Administrator at month-end
4. Present the client with a break report that highlights inconsistencies
Technology: Linedata-hosted and licensed Transfer Agency and Reconciliation engine plus Linedata web portal
Client Benefits
- Reduced workload: Client receives on-time month-end report for follow-up with Fund Administrator
- Cost efficiency: No additional headcount or system investment is required
- Investor service: Dashboard views show progress throughout the process and quickly identify breaks
- Automated reconciliation with Transfer Agency data
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