Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it has been selected for a second year running as the global ‘Best Fund Accounting & Reporting System’ by Hedgeweek, the on-line news website for hedge funds in a comprehensive readership poll. This international poll recognizes excellence among hedge fund managers and service providers around the world, as identified by their peers. Linedata won the award for the Linedata Beauchamp portfolio management solution, part of its extensive hedge fund offering.
Linedata Beauchamp is a key element in Linedata’s comprehensive hedge fund platform covering front-to-back capabilities and deploying integrated, best-of-breed software covering capabilities in trading, order management, compliance, risk and reporting as well as a wide range of connectivity to liquidity providers, prime brokers, administrators and others, delivered either as a hosted or in-house solution. The power of Linedata Beauchamp lies in its flexibility to handle all the complex assets and strategies employed by hedge funds today, while at the same time giving funds the ability, in real-time, to manage and report on their NAV, P&L and exposures however they need to. Transparency is delivered through in-depth historic position keeping, providing a full audit trail to meet the exacting demands of investors and regulators. Scalable and robust, Linedata Beauchamp is suitable for any size of fund.
Hedgeweek conducted a survey of 41,000 readers to assess the best hedge fund performers and service providers during 2011 in a range of categories covering the entire hedge fund space.
“The hedge fund world has evolved over the past two years, with investor and regulator influence creating a more institutionalized approach. We continue to lead in enabling hedge fund managers to adapt to this changing marketplace. Peer recognition is a powerful endorsement of Linedata’s approach and our continuing investment in our hedge fund solutions and our grasp of industry concerns such as meeting the demand for greater transparency and the need for comprehensive, cost-effective hedge fund solutions,” said Anvaraly Jiva, Founder and CEO of Linedata. “We focus our expertise on addressing industry issues through our technology and services and are pleased when our efforts are recognized.”