• Addresses entire operational process
• “We’ve determined that an independent middle office is key to run our business effectively and efficiently”, says COO
Paris, London, Boston, New York and Hong Kong, October 16, 2018 – Linedata (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services, announced that it will operate an integrated technology and services solution in Europe with London-based Inverewe Capital, the credit-focused global investment manager. This expands Inverewe Capital’s relationship with Linedata, allowing the firm to leverage Linedata’s holistic offering to streamline and scale its operations across a range of capabilities for risk management, research and the middle office.
Alternative managers across the global investment spectrum are implementing new operational models as they tackle challenges in the form of fee pressure and increased regulatory, compliance and investor demands. Linedata provides reconciliation, shadow accounting, NAV and advisory services. These are enabled by dedicated professionals, industry best-in-class processes and leading technology to deliver ‘smart scale’ and reduced operational risk. In a trend being increasingly adopted, Linedata is supporting leading hedge funds, such as Inverewe Capital, to bring together middle office, risk management and research capabilities in an efficient, independent middle office.
“Deciding to work further with Linedata was easy because they’ve been able to support the entire process,” noted Michael Murphy, Inverewe Capital COO. “We partnered with Linedata to get scalability – including the in-house access, expertise and ability to add resources as needed, where we see this as a long-term solution.”
“Succeeding in today’s financial environment with its significant regulatory, digital and operational challenges requires a flexible technology stack and operational infrastructure,” said Aldric Dupaïs, Chief Sales Officer, Linedata. “We are delighted to partner with forward-looking hedge funds like Inverewe Capital to bring our enhanced offering to the European market and provide clients with the software, services and expertise that they need to operate and secure their processes.”
ABOUT INVEREWE CAPITAL
Inverewe Capital is a credit-focused global investment manager based in London that is AIFM-authorised and regulated by the FCA. Inverewe Capital manages the Inverewe Credit Opportunities Funds, which are Irish based AIFs set up under an ICAV Master / Feeder structure and regulated by Central Bank of Ireland.
ABOUT LINEDATA
With 20 years’ experience and 700+ clients in 50 countries, Linedata’s 1300 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels. Headquartered in France, Linedata achieved revenues of EUR 179.0 million in 2017 and is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.PA – Bloomberg LIN:FP.