Linedata, a provider of credit and asset management technology, data and services, is to operate an integrated technology and services solution in Europe for London-based Inverewe Capital, a credit-focussed global investment manager.
This expands Inverewe Capital’s relationship with Linedata, allowing the firm to leverage Linedata’s holistic offering to streamline and scale its operations across a range of capabilities for risk management, research and the middle office.
Alternative managers across the global investment spectrum are implementing new operational models as they tackle challenges in the form of fee pressure and increased regulatory, compliance and investor demands. Linedata provides reconciliation, shadow accounting, NAV and advisory services. These are enabled by dedicated professionals, industry best-in-class processes and leading technology to deliver ‘smart scale’ and reduced operational risk. In a trend being increasingly adopted, Linedata is supporting leading hedge funds, such as Inverewe Capital, to bring together middle office, risk management and research capabilities in an efficient, independent middle office.
“Deciding to work further with Linedata was easy because they’ve been able to support the entire process,” says Michael Murphy, Inverewe Capital COO. “We partnered with Linedata to get scalability – including the in-house access, expertise and ability to add resources as needed, where we see this as a long-term solution.”
“Succeeding in today’s financial environment with its significant regulatory, digital and operational challenges requires a flexible technology stack and operational infrastructure,” says Aldric Dupaïs, Chief Sales Officer, Linedata. “We are delighted to partner with forward-looking hedge funds like Inverewe Capital to bring our enhanced offering to the European market and provide clients with the software, services and expertise that they need to operate and secure their processes.”
