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Over the past 18 months, investment firms have gone through periods of uncertainty, volatility, and increased risk, and Linedata’s clients are no exception. These experiences have forced many to “reimagine their operations”, from getting their employees access to the software and tools they need to do their jobs remotely, to changing their processes and how their teams collaborate, to improving how they integrate data and analytics into their workflows.   

Over the past 18 months, investment firms have gone through periods of uncertainty, volatility, and increased risk, and Linedata’s clients are no exception. These experiences have forced many to “reimagine their operations”, from getting their employees access to the software and tools they need to do their jobs remotely, to changing their processes and how their teams collaborate, to improving how they integrate data and analytics into their workflows.   

Philitsa Hanson, Global Head of Transformation at Linedata, comments: “At the start of 2020,  right before the pandemic,  we launched our Asset Management Platform (AMP) and it turns out that was perfect timing.”  

AMP brings together cloud-based, modular software, data solutions, and expertise to help hedge funds be faster and more adaptable in how they run their businesses. “That kind of operational nimbleness carried our clients through the pandemic. As an example, at the height of Covid-19 volatility, our hedge fund platform was processing 2.5 times its normal transaction volumes without any issues,” Hanson says.   

Linedata recently published the tenth edition of its Global Asset Management Survey from approximately 200 Global Asset Management Executives, looking at their attitudes and plans for running their businesses. Hanson says: “One of the most interesting shifts is that in 2019 more than half of the firms we surveyed said they had no plans to move to the cloud. By 2021, only five per cent of our respondents felt that way. This aligns with our AMP strategy – to provide cloud-based and modular solutions to our client base that are easy to deploy and update.”

Expanding the business

In terms of new products and services, Hanson says: “Linedata’s clients are also concerned about meeting more stringent regulatory requirements across the globe. Sustainable Finance Disclosure Regulation (SFDR) imposes mandatory ESG disclosure in Europe, and ESG-focused ESG Risk Alerts from the US SEC have now put a fine point on action questions for the industry. Linedata is supporting clients’ ESG decision-making, and improving workflow and operations, with ESG data already built into their software.”
 
In response to the EU’s SDR (Settlement Discipline Regime), which will be implemented in February 2022 and could lead to penalties or sanctions for trade settlement failures, Linedata has recently launched a machine-learning based service that provides predictive insights, enabling teams to spot issues before they occur. Linedata is committed to helping clients address these issues. The firm is fully engaged in supporting its clients’ ESG decision-making abilities, improving workflow, tools and operations. “In short, we’re helping clients limit regulatory risk, create trustworthy products, and become more competitive,” Hanson says.  

Over the coming months, Hanson predicts that transparency and disclosure will grow beyond regulation and become integral to an investment firm’s brand and identity. “Firms are investing in practices that are increasingly critical to their successful operations: data transparency, like with ESG, cybersecurity efforts, risk management practices, and how they are communicating with clients and investors. They will leverage their investments in an effort to promote greater transparency and disclosure, to gain the confidence of their own investors and attract new business,” she concludes. 


Philitsa Hanson, Global Head of Transformation, Asset Management, Linedata
Philitsa Hanson is the Head of Transformation for Linedata’s Asset Management Business. In this role, she leads cross-functional teams to transform venture concepts into executable offerings. During her 18-year tenure at Linedata, Hanson has worked closely with various types of asset managers, including institutional investors, private wealth managers, and hedge funds, to improve their operations.

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