A turnkey product for newly formed hedge fund operational incubator
Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that The Alpha Cooperative has selected Linedata’s middle and back office solution as a key element of their innovative service. The Alpha Cooperative, a newly formed operational incubator for the hedge fund market, will leverage portfolio management solution Linedata Beauchamp and investor accounting solution Linedata Mshare to power the operational infrastructure they offer to start-up and small hedge fund managers. The Alpha Cooperative will use Linedata Hosting to run the software.
Institutional investors are demanding high standards in operational infrastructure even from start-up and small hedge funds. The Alpha Cooperative was created to help such funds meet these requirements by providing, as a partner, the operational infrastructure required for them to successfully grow their business. One vital component of this infrastructure is a best-of-breed portfolio management solution. Sara Malak, co-founder and chief compliance officer of The Alpha Cooperative explains, “We needed a solution that would help us track, manage, view and report our managers’ portfolio positions, to check for consistency with disclosures, and to meet the increased investor and regulatory demands. Linedata’s hedge fund platform gives us the flexibility to cater our workflow for each strategy and produce comprehensive reports for both managers and investors.”
Uptake on The Alpha Cooperative offering has been good, and reaction from investors extremely positive. Sara Malak continues, “We are supplying experienced staff with excellent industry knowledge plus industry leading technology such as Linedata. In supplying this infrastructure, The Alpha Cooperative frees up hedge fund managers to focus on what they do best, generating alpha.”
“At Linedata, we are continuing to see hedge funds looking for ways to secure operational excellence in addition to their ability to generate alpha. This is one reason that there is strong take-up across our range of hedge fund solutions, from trading through order and portfolio management to share class accounting. We are delighted that Linedata’s hedge fund platform is part of The Alpha Cooperative’s offering and its selection confirms Linedata’s solutions rich functionality and proven ability to perform to the most exacting of standards,” said Jack Wiener, executive vice president of Linedata North America. “In addition, by selecting Linedata Hosting to run the software, The Alpha Cooperative benefits from our state-of-the-art data centres and full disaster recovery.”