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Linedata Services Wins ‘Hedge Fund Technology Provider of the Year’

Linedata Services (NYSE Euronext: LIN), the global leader for investment management and credit technology, announced today that it has been named ‘Hedge Fund Technology Provider of the Year’ at the 2010 International Custody and Fund Administration’s (ICFA) American Service Provider Awards.

"Linedata Services is honored to receive this recognition of our efforts as a hedge funds solutions provider,” said Annie Morris, Managing Director of Linedata Services North America. “This award recognizes our innovations over the past year where we focused on addressing industry trends such as new regulations, demands for transparency, and outsourced/hosted solutions.”

The award is judged by a panel of four leading industry experts who selected Linedata Services’ hedge fund offering above industry peers based on significant client wins plus functional and technology enhancements added over the past year. Linedata Services’ hedge fund solutions provide complete front to middle to back features, including seamless trade and execution management, real-time and historical P&L, and fund level GL and NAV processing. This award follows on from Linedata Services’ recent HFMWeek awards for hedge fund systems in both the US and Europe.

“It is a privilege to receive an award for our hedge fund offering,” said Anvaraly Jiva, Chairman and Chief Executive of Linedata Services. “Linedata Services has been serving this market for over ten years, continuously investing in our products and people in order to maintain the delivery of best-of-breed solutions for the alternative investment space.”