Linedata partners with start-up Invisage to enable clients to track investment research performance and reduce costs under MiFID II
Linedata, a provider of credit and asset management technology, data and services, has partnered with analytics platform Invisage to help global hedge funds and asset managers streamline investment research costs in the post-MiFID II environment.
Linedata’s global fund manager clients can now track the performance of research using Invisage’s solution, helping reduce spend on research under MiFID II rules and informing investment strategy to better generate alpha.
Under MiFID II rules requiring fund managers to ‘unbundle’ investment research costs, budgets set aside by firms for research have fallen by 20 per cent to 30 per cent, according to the FCA, in efforts to reduce costs. This partnership will help Linedata’s clients to identify and pay only for research that delivers the most value.
Invisage uses advanced data-analytics, natural language programming and artificial intelligence to extract alpha from research content while empowering investment decision-making by pooling relevant insights and forming consensus across asset classes. It compares effectiveness across different providers, bringing various forms of research into a single platform for enhanced visibility.
Vishnu Thurpati, CEO of Invisage, says: “As a leading technology solutions provider for global investment firms, Linedata is a great partner to help Invisage reach a comprehensive level of hedge funds and asset managers. We believe Invisage complements Linedata’s existing offers and will deliver cost-savings and enhanced portfolio performance for their clients.”
Ed Gouldstone, Global Head of R&D for Asset Management at Linedata, says: “In a post-MiFID II environment, fund managers are under increased pressure to streamline research budgets while continuing to deliver returns for clients. Offering access to Invisage’s cutting-edge solution not only helps our clients navigate these pressures but represents the next step in our mission to enhance operational efficiency and provide access to the best quality data.”