LONDON, 22 March 2011: Linedata, the global solutions provider dedicated to the investment management and credit industry, today announced that its comprehensive hedge fund offering has been selected as the ‘Best Fund Accounting & Reporting System’ by Hedgeweek, the global on-line news website for hedge funds in a comprehensive readership poll. The second edition of the Hedgeweek Awards for excellence among hedge fund managers and service providers recognised the increased focus on transparency, consistency and depth of expertise in the new investment climate. Linedata’s experience in this area was acknowledged, the award citation stating that Linedata Beauchamp ‘helps fund managers meet the ever growing due diligence demands of investors.’
Linedata Beauchamp is currently used by over 275 fund managers worldwide. The power of Linedata Beauchamp lies in its flexibility to handle all the complex assets and strategies employed by hedge funds today, while at the same time giving funds the ability, in real-time, to manage and report on their NAV, P&L and exposures however they need to. Transparency is delivered through in-depth historic position keeping, providing a full audit trail to meet the exacting demands of investors and regulators. Linedata Beauchamp is suitable for any size of fund, and, uniquely, can form part of a fully integrated front to back offering with Linedata Longview order management system, Linedata Compliance and other elements of the Linedata asset management solution including a wide range of connectivity to liquidity providers, prime brokers, administrators and others, delivered either as a hosted or in-house solution.
Hedgeweek conducted a survey of nearly 41,000 readers to assess the best hedge fund performers and service providers during 2010 in a range of categories covering the entire hedge fund space. Linedata was voted ‘Best Fund Accounting & Reporting System’ for its comprehensive hedge fund offering, with Linedata Beauchamp portfolio management solution at its core.
“We are very proud to have been selected by Hedgeweek’s readers as the Best Fund Accounting & Reporting Solution,” said Anvaraly Jiva, Chairman and CEO of Linedata. “Being chosen by the participants of the hedge fund industry is a huge accolade; it reflects Linedata’s continued investment in our hedge fund solutions, our close relations with our clients and our alignment with industry concerns such as the drive for greater transparency. We focus our expertise on addressing such industry issues through our technology and services and we’re delighted that our efforts have been recognised.”
ABOUT LINEDATA
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 800 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 136.2 million in 2010. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
ABOUT LINEDATA BEAUCHAMP
Linedata Beauchamp delivers real-time portfolio management with powerful reporting tools allowing users to manage positions and cash effectively – regardless of investment style or strategy. It provides a single, consolidated view of positions, P&L and exposures for front, middle and back office, removing the need to reconcile spreadsheets and providing the ability to accurately calculate funds’ daily NAV. Linedata Beauchamp reduces errors and automates post trade workflows. It also supplies multi asset class trade capture and processing with transparency through in-depth historic position keeping with a full and accessible audit trail, meeting the most stringent investor due diligence requirements.