AWARD RECOGNIZES LINEDATA’S EXCEPTIONAL PERFORMANCE
BOSTON, November 5, 2010: Linedata, the global solutions provider dedicated to the investment management and credit community, was recognized as ‘Best in Technology Investor Servicing’ by HFMWeek, a leading weekly news source for the hedge fund sector. HFMWeek’s annual US Hedge Fund Services Awards recognize companies that have outperformed their peer group over the course of 2009-2010.
According to an independent judging committee for HFMWeek, the selection was based upon a number of factors: “With the world forever changed after 2008, Linedata offers tools to navigate this new environment. Linedata provides robust reporting and accounting tools that position hedge funds to meet ever-increasing investor demands. This year alone the firm has launched enhancements to its hedge fund offering, rolling-out significant technology updates and powerfully updated compliance monitoring.”
“Linedata’s hedge fund solutions are designed to meet the exacting requirements of hedge fund managers,” said Anvaraly Jiva, Chairman and Chief Executive of Linedata. “This award by HFMWeek recognizes that our hedge fund solutions meet the need for a proven, robust technology as required by investors. The unique nature of Linedata’s front-to-back offering – from order management through to accounting – has brought the company new business, a strong pipeline and this prestigious recognition.”
The HFMWeek US Services Awards judging committee used a combination of quantitative and qualitative criteria in recognizing Linedata as ‘Best in Technology Investor Servicing’. This award is the latest in a series of recent hedge fund industry accolades for Linedata in 2010 that includes: ‘Hedge Fund Technology Provider of the Year’, International Custody and Fund Administration’s (ICFA); and ‘Best Fund Accounting and Reporting Systems’, HFMWeek.
ABOUT LINEDATA
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.
FOCUS ON ASSET MANAGEMENT
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.