Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it had been named âBest Overall Technology Providerâ at the annual HFMWeek US Service Provider Awards, ahead of fierce vendor competition.
Having previously won awards for Linedata Beauchamp Portfolio Management Solution both in the US and European HFMWeek awards, Linedata has broadened its approach to hedge fund servicing, reflected in this higher award. Annie Morris, Managing Director of Linedata North America, explains, âWe see our hedge fund clients and the industry in general becoming more sophisticated in their use of technology as they face the increasing requirements for transparency and more frequent, more in-depth demands for reporting from regulators and investors alike. Linedata, uniquely, has addressed this need by innovating to provide a truly integrated, full front-to-back platform, mapping hedge fund workflows and capable of handling a wide variety of instruments.â
HFMWeek independent panel of judges cited the qualities which placed Linedata above other contenders for this top award: âConsistent and innovative, Linedata impressed all of HFMâs judges. Praised for technical innovation, the judges were also particularly impressed with the firmâs commitment to customer service.â
Anvaraly Jiva, Founder and CEO of Linedata, commented: âWe are thrilled to be named âBest Overall Technology Providerâ in the HFMWeek US Service Provider Awards. We constantly strive to stay abreast of industry trends in general and our clientsâ needs in particular, and are delighted that our efforts and our continued commitment to the hedge fund market, and in particular our innovation and customer service, have been recognized in this way.â
Linedataâs hedge fund solutions are used by hedge funds throughout the world, from start-ups to some of the worldâs very largest funds and most recognized industry innovators. The solutions that Linedata offers for hedge funds include trading and order management, portfolio management, compliance and reporting. This is the third hedge fund award that Linedata has won in 2011.