Linedata Global Hedge success continues
PARIS, LONDON, NEW YORK, HONG KONG, July 22, 2014 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it is seeing impressive growth in the hedge fund space having recently signed ten new hedge funds clients globally. Growing technology needs and excellent customer service have driven clients to select Linedata Global Hedge to support their trading requirements and automate their front office processes.
Linedata has seen strong momentum in its front-to-back deals so far in 2014. These funds trade alternatives and represent alternative subsidiaries of global institutional banks and asset managers as well as a number of start-ups handling between $710 to $1120 million in AUM. Their primary driving factors for selecting Linedata Global Hedge were to meet growing investor demands, regulatory requirements and a desire to simplify and reduce vendor footprint to one or two key suppliers. Linedata’s new enhanced Portfolio Management Solution was a particular driver in the selection process for these organizations because of the increased focus of middle office operations from investors and regulators.
“The impressive growth in the hedge fund space reiterates the strength of Linedata Global Hedge. The momentum that Linedata is currently experiencing is an endorsement that affirms our offering is strong and well placed to meet business requirements now and in the future.” said Gary Brackenridge, Global Head of Hedge Funds at Linedata.
Sally Crane, Managing Director at Linedata Asia added, “we are delighted to welcome eight of the ten new hedge funds to Linedata Asia based on recommendations from our existing clients. Understanding and meeting the needs of our clients is a priority for Linedata as well as working in partnership. Recent investment into permanent client services and support gives our clients assurance that we are delivering not just a solution but also the customer service that they require.”
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 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 160.3 million in 2013. This company is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.