Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it had been named ‘Best Fund Accounting Technology Platform’ in Global Custodian’s Awards for Excellence North America 2014.
With these awards, Global Custodian aims to recognize the firms that are bringing real innovation to buy-side professionals from asset managers to custodians and administrators. Linedata was recognized in the 2014 Awards for Excellence for the breadth and depth of its Fund Accounting offering: "Global Custodian recognizes Linedata's fund accounting service for meeting the back-office challenges of firms, which face more pressure from investors to produce faster and better insight into their accounts. Its global solution embodies a combination of compliance monitoring, NAV and unit pricing calculation and validation, reporting and portfolio management capabilities, along with its core accounting system," comments Janet Du Chenne, Managing Editor, Global Custodian.
“Linedata is delighted to have been recognised by Global Custodian for our strong fund accounting and administration platform. We have seen an uplift in demand in 2014 in the Back Office, which we attribute to our continued investment program in our fund services products coupled with a strongly innovative approach from our team to streamline and future-proof our clients’ operations. Examples of this include Linedata Optima, our new BPM tool, and our web portal services for end investors, both launched in 2014,” remarks Anvaraly Jiva, Founder and CEO of Linedata. “In 2014, we have also welcomed new clients across the globe; these financial firms, diverse in terms of their size and business type, have chosen Linedata for the expertise and partnership approach our teams.”
Linedata’s fund accounting offering includes products and services specialised for the institutional market, for the alternative market and for third party administrators, serving some 180 clients globally who collectively manage or administer US $2.5 trillion of assets. The availability of local expertise on the ground in all key jurisdictions and excellent hosting services means that Linedata can offer an appropriate solution for all fund administration scenarios. Additionally, the value-added services for reporting, NAV and unit pricing calculation and validation, compliance and portfolio management mean it is well placed to meet the changing requirements of its clients.