Linedata’s NA hedge fund group closes 2011 with several strong client wins
Paris and New York, 8 February 2012 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that Naples, Florida-based investment manager RGM Capital LLC has signed up for Linedata Longview, the company’s award-winning order management system (OMS), and part of Linedata’s comprehensive solution for alternative investment managers. RGM Capital has opted to use Linedata Hosting, taking advantage of Linedata’s best-of-breed hosting capabilities to run their front office, and will also benefit from Linedata’s connectivity services for electronic trading. RGM capped a strong series of Q4 client wins for Linedata’s North American hedge fund group, particularly in the front office.
RGM Capital’s business is growing, and to address the complexities associated with a rise in both investor and entity numbers, the firm decided to further automate its front office processes, particularly in the areas of trade allocation and compliance. After a rigorous selection process, Linedata Longview OMS was chosen, with its integrated pre-trade compliance and strong managed accounts capabilities. Ed Calkins, COO of RGM Capital, elaborates: “We analyze businesses for a living and approached this selection as we approach our investments. Linedata Longview fitted our needs for a front office hosted solution with an intuitive interface, scalability and proven expertise. Equally important for us, Linedata as a company is a good match; it’s an independent, sustainable software house with no brokerage activity, and is a publicly quoted company with a stable, diverse client base. As this is a business infrastructure investment, these are key considerations.”
Linedata continues to expand its presence in the North American alternative investment management and hedge fund market, having added four new clients in the last month alone to its growing client base. Jack Wiener, Executive Vice-President, Linedata, comments: “In line with the transparency required in the markets by investors and regulators, hedge funds are demanding transparency from their vendors. Linedata takes its independence as a software vendor very seriously, and, in addition to our best-of-breed solutions, we’re seeing this as an important factor for smart asset managers of all types.”
Linedata offers a comprehensive solution for the alternative investment market, covering the trading, order and portfolio management, compliance, risk and reporting functions. Linedata also supports a wide range of connectivity to liquidity providers, prime brokers, administrators and others. It has won several awards in the past year for its hedge fund offering including Hedgeweek’s Best Fund Accounting & Reporting System 2011 and HFMWeek’s Best Overall Technology Provider.
ABOUT LINEDATA
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 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 setup of SaaS 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.
Linedata provides comprehensive front-to-back solutions and services to manage all types of investment processes, from pre-trade to post-settlement, across a wide range of firms, including institutional portfolio and collective management companies, hedge funds, prime brokers, fund managers, transfer agents, corporate savings fund managers, subsidiaries of banks or independents, and administrators.
ABOUT RGM CAPITAL, LLC
RGM Capital, LLC was founded in 2003, and is a Naples, Florida-based concentrated equity manager with over $230 million under management and an 8 year track-record. The firm manage a long-only portfolio of 10-20 positions with a value oriented investment philosophy, a focus on high-quality businesses generally ranging from $100 million – $2.0 billion in market cap, and a 3 to 5 year investment horizon.