Linedata named best in technology investor servicing 2010 by HFMWeek

Boston - 5 November 2010

Linedata, the global solutions provider dedicated to the investment management and credit community, was recognized as ‘Best in Technology Investor Servicing’ by HFMWeek, a leading weekly news source for the hedge fund sector. HFMWeek’s annual US Hedge Fund Services Awards recognize companies that have outperformed their peer group over the course of 2009-2010.

According to an independent judging committee for HFMWeek, the selection was based upon a number of factors: “With the world forever changed after 2008, Linedata offers tools to navigate this new environment. Linedata provides robust reporting and accounting tools that position hedge funds to meet ever-increasing investor demands. This year alone the firm has launched enhancements to its hedge fund offering, rolling-out significant technology updates and powerfully updated compliance monitoring."

“Linedata’s hedge fund solutions are designed to meet the exacting requirements of hedge fund managers,” said Anvaraly Jiva, Chairman and Chief Executive of Linedata. “This award by HFMWeek recognizes that our hedge fund solutions meet the need for a proven, robust technology as required by investors. The unique nature of Linedata’s front-to-back offering – from order management through to accounting – has brought the company new business, a strong pipeline and this prestigious recognition.”

The HFMWeek US Services Awards judging committee used a combination of quantitative and qualitative criteria in recognizing Linedata as ‘Best in Technology Investor Servicing’. This award is the latest in a series of recent hedge fund industry accolades for Linedata in 2010 that includes: ‘Hedge Fund Technology Provider of the Year’, International Custody and Fund Administration’s (ICFA); and ‘Best Fund Accounting and Reporting Systems’, HFMWeek.

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