Ten new Hedge Fund clients for Linedata confirms market leadership
Linedata Global Hedge success continues
PARIS, LONDON, NEW YORK, HONG KONG, July 22, 2014 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it is seeing impressive growth in the hedge fund space having recently signed ten new hedge funds clients globally. Growing technology needs and excellent customer service have driven clients to select Linedata Global Hedge to support their trading requirements and automate their front office processes.
Linedata 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 $710 to $1120 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 organizations 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.” said Gary Brackenridge, Global Head of Hedge Funds at Linedata.
Sally Crane, Managing Director at Linedata Asia added, “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.”