Unique monitoring service alerts hedge fund clients to regulatory issues as they trade – fully managed outsourced compliance provides compliant and competitive edge
Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today unveiled Linedata Compliance Managed Service specifically developed to address the complexity of global hedge fund regulations by incorporating comprehensive rule monitoring across different geographies and jurisdictions.
Post-crisis, regulations cast a far wider net than traditionally highly regulated sectors, and as a consequence hedge funds have found they must confront the new wave of operational due-diligence and regulatory measures. Accurate and timely reporting as well as transparency have been propelled into the spotlight, not only by the regulator but also by investors, who are stepping up their due diligence when it comes to selection and redemption criteria. In order to meet investors’ expectations hedge fund firms’ people, processes and technology often require realignment, placing a heavy burden on in-house resources, and the resultant complexity and cost involved has led many hedge funds to outsource their compliance requirements. By outsourcing to Linedata, clients may improve their due-diligence and competitive offering to their own investors, additionally benefitting from Linedata’s wider expertise in financial technology and services.
Over 200 Linedata clients globally already gain a competitive edge by leveraging Linedata’s world-leading hedge fund technology platform Linedata Global Hedge. Over 85 of the world’s leading institutions testify to Linedata’s in-depth compliance expertise by choosing Linedata’s enterprise compliance solution, Linedata Compliance. Combined expertise in providing award-winning hedge fund technology and highly respected compliance solutions, has effectively placed Linedata to design a truly innovative, fully managed and continuously monitored compliance service - Linedata Compliance Managed Service. The result is an interactive, low-cost subscription service that is fast and efficient and accessible over the web; it offers hedge funds a low-risk opportunity to acquire business intelligence, whilst avoiding the resource commitment traditionally associated with in-house software and compliance expertise. Clients can outsource their compliance and still take control of multiple rule sets, for example, Takeover Panel rules, UCITS IV and Short Selling Disclosure rules, confident in the knowledge that regulatory rules are monitored and verified by Linedata’s team of highly trained experts and international legal partners.
“Innovation and turning challenges into opportunities for our clients remain at the forefront of Linedata’s development. Many of the world’s leading institutions already entrust their compliance needs to Linedata. In creating Linedata’s new Compliance Managed Service, we have responded to client’s input and created a fully managed dynamic monitoring service that gives high-level easy access to hedge fund regulatory expertise. It complements our existing hedge fund platform Linedata Global Hedge, and we continue to develop the number of regulatory rules included in the service; currently we monitor and support over 70 jurisdictions globally”, comments Gary Brackenridge, Global Head of the Hedge Funds Business Line at Linedata.