Linedata has recently signed ten new hedge funds clients globally and 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 USD710 to USD1120 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 organisations 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,” says Gary Brackenridge, global head of hedge funds at Linedata.
Sally Crane, managing director at Linedata Asia, says: “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.”
