Canadian investment firm Vertex One Asset Management is the latest client to sign up for Linedata’s newly launched Linedata Global Hedge hosted platform.
Linedata’s Canadian client base has grown by 35 per cent since opening its Toronto office in early 2011, as that market looks for tools to meet its portfolio requirements and growing need for strong automation and audit capabilities.
Founded in Vancouver in 1997, Vertex One today runs over USD1bn in assets under management within six funds, comprising both alternative and mutual funds. The Vertex Fund is one of the largest and longest standing alternative funds in Canada.
After carrying out due diligence and receiving positive market feedback on Linedata from its peers, Vertex One selected the Linedata Global Hedge Portfolio Management hosted platform. Vertex One’s needs were for a system which would support their growth aspirations and meet their requirements to carry out analysis at the strategy and fund levels.
Jeff McCord, managing director of Vertex One, says: “In the Portfolio Management module of Linedata Global Hedge we have selected a solution which will help us improve on our alpha generation through better attribution and contribution analysis. We are constantly searching for ways to increase performance and the dependability of our systems; though the smarter use of technology with Linedata Global Hedge, we are confident we will be able to do just that.”
Gavin Little-Gill (pictured), acting as managing director of Linedata North America, says: “Since opening our Toronto office last year, we are better poised to support our growing Canadian client base. We are pleased to welcome Vertex One as one of the growing number of Linedata clients in Canada. Linedata Global Hedge represents strategic investment by Linedata to meet the future needs of our clients and has attracted tremendous interest within our client base of traditional and alternative asset managers. I’m confident that this comprehensive solution will be able to support Vertex One’s growth for years to come.”