PARIS, LONDON, HONG KONG, NEW YORK, April 16, 2014: Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it has been recognized by HFMWeek as a leading hedge fund service provider. Linedata was named ‘Best Portfolio Management System’ by HFMWeek for Linedata Global Hedge at its recent European Hedge Fund Services Awards.
The awards acknowledge firms and solutions which have demonstrated financial progress, growth and genuine innovation across a number of different business areas. Linedata Global Hedge provides total control of portfolios and transactions, from the front office straight through to the back office. In today’s market there is an increasing demand for risk and performance attribution information burdening funds as they struggle to create tailored reports. Linedata Global Hedge has the power to create standardized or custom reports that help distribute information and mitigate risk allowing funds the ability to leverage data quickly and accurately.
The senior level judging panel for the 2014 HFMWeek Service Provider Awards indicated that with managers constantly seeking the perfect portfolio management system, the winner in this space was judged by a particularly challenging set of criteria. Against these high expectations Linedata’s entry was deemed an enormous success. The judges felt that in terms of technical expertise and usability the firm’s platform was a huge success and a well-deserved winner.
"Over the past years, Hedge Funds’ technology needs have expanded both in terms of software and services. With Linedata Global Hedge, we are able to provide a complete solution designed specifically for Hedge Funds which combines our leading-edge technology with a range of services from hosting, market connectivity, compliance monitoring and regulatory reporting” explains Anvaraly Jiva, Founder and CEO of Linedata. “It is an honor that Linedata Global Hedge has once again been recognized as the Best Portfolio Management System in the industry. This award demonstrates the reliability of our platform, our ability to anticipate market needs and changing investment types. We continuously strive to offer Hedge Funds a comprehensive and responsive solution for their challenges." said Anvaraly Jiva.
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 15years 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 160.3 million in 2013. This company is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.