PARIS, BOSTON, LONDON, HONG KONG, April 22, 2015 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that CloudAlpha Capital Management Limited has chosen award-winning Linedata Global Hedge as their portfolio management technology solution. Linedata Global Hedge Portfolio Manager is Linedata’s flagship hedge fund solution, which allows clients to have total control of their portfolios and transactions, from the front office straight through to the back office.
CloudAlpha is a start-up joining Hong Kong’s strong hedge fund community. The fund will focus on the US Technology markets in a long/short capacity. Set up last year, CloudAlpha is using Linedata Global Hedge Portfolio Management System in a fully hosted environment, which has enabled the start up to launch quickly and avoid any unnecessary technology and resource overhead costs.
Benny Ho, Operations Director at CloudAlpha, comments: “At CloudAlpha, we had a requirement for a Portfolio Management system with rich functionality that was comprehensive, modular and scalable. Linedata Global Hedge Portfolio Manager fitted this exact requirement, not only through its functionality but also through the expertise of the local support team, which we were able to fully utilize during the implementation. We are looking forward to continuing to partner with Linedata as the fund expands.”
Sally Crane, Managing Director for Asia Pacific at Linedata, adds: “We are delighted to welcome CloudAlpha as a new Linedata client. This builds on the recent momentum Linedata has demonstrated in the region and also confirms that we are successful in winning new market share in the hedge fund space, largely due to product enhancements and a more experienced local support team. CloudAlpha has enjoyed a swift and effectual implementation which is vital for any start-up by utilising the in-depth experience on the ground here in Asia. At Linedata, we work closely with all our clients to help them to grow and expand their businesses when they need too.”
Linedata is a global solutions provider dedicated to the investment management and credit community, with close to 1000 employees in 15 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 158.0 million in 2014. This company is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
CloudAlpha was founded in June 2014 and is currently managing approximately US$50 Million of a long/short equity fund which is focused on the global technology sector. The investment team has an average of over 10 years industry experience gained through working for large asset managers, investment banks, equity research, and hedge funds.