Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, has partnered with Sycamore Investment Services in Shanghai, to provide a complete front to middle-office service to the hedge fund community in China.
The partnership will provide Sycamore’s middle office outsourcing services alongside Linedata’s flagship hedge fund management offering, Linedata Global Hedge. This will create a full service for hedge fund clients in China, in particular allowing those firms without complete fund operations to access the full capabilities of the Linedata product with the addition of an outsourcing capacity.
Designed specifically to meet the needs of the hedge fund industry, Linedata Global Hedge is an intuitive end-to-end portfolio management system, providing clients with total control of their portfolios and transactions in an industry with increasing trading volumes combined with heightened transparency requirements.
The partnership with Sycamore reflects an increasing demand from hedge funds in China to seek middle and back office fund operation and administration services from a third party provider to provide trade processing, corporate actions processing, position/transaction reconciliation, pricing/valuation, P&L analysis, NAV calculation and investor relations services.
Sally Crane, Managing Director for Asia Pacific at Linedata, says: “Understanding and meeting the needs of our clients is central to our philosophy at Linedata. This partnership demonstrates our commitment to deliver not just a product but the complete end-to-end solution our clients demand. With the strong reputation of the management team, Sycamore has established an extensive network in China since its launch last year and was a natural partner as we look to build on our recent momentum in the region.”
Jeff Li, CEO, Sycamore, says: “Sycamore is a technology driven company, delivering high quality services through our robust technology platform. Linedata offers complete solutions to our hedge fund clients. By partnering with Linedata, we can ensure our clients receive our best middle office services. We look forward to the strong partnership with Linedata.”