Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that boutique asset management house Four Capital Partners Limited (Four) has chosen Linedata to support the growth of its business.
An existing client of Linedata's Global Hedge Portfolio Manager, FOUR has now additionally contracted for Linedata Global Hedge trading, order management, and compliance modules, to complete a full front-to-middle office solution. FOUR has selected Linedata Hosting to manage the software.
Established in 2006 as a long-only equity UK house based in London, FOUR has grown to £1.4 billion AUM with global coverage across a number of equity and alternative funds. As the business grew, FOUR's team put a plan in place to move from spreadsheets to a full order management and compliance system to work alongside their existing Linedata portfolio management solution. The firm examined a wide range of solutions before selecting the Linedata Global Hedge order management and compliance modules. Valerie Evans, Head of Operations at FOUR, explains: "Although we looked at a number of systems, Linedata's experience in order management and compliance plus the existing interface between these products and our Linedata Portfolio Management Solution was a key factor. We knew that Linedata had spent time and money getting this interface right. The entire solution will be hosted by Linedata, which was an important consideration, as we are a boutique outfit and, whilst we absolutely must have disaster recovery, and regular updates to our software, we prefer to outsource so that we can focus on our core business."
"Linedata's Global Hedge trading and order management module is up and running already and we see immediate benefits", said Valerie. "We will make immediate resource savings with Linedata Global Hedge; automation will mean that our portfolio management team spends less time on pre-trade compliance and on rebalancing our portfolios. It's an efficient and cost-effective solution. Additionally we expect the compliance module functionality that assists with UCITS rules and client-specific rules for segregated funds to minimize the risk to our business."
"We are delighted that FOUR has chosen to extend their relationship with Linedata," said Gary Brackenridge, Linedata's Global Head of Hedge Funds. This is typical of an industry trend we are seeing in the market for scalable technology that provides a seamless workflow experience from front to back office. There is also a move towards avoiding the overhead of a full-blown in-house solution. Linedata Global Hedge is particularly well-placed to meet this need as it is a platform with a full range of solutions and services from which clients can choose without having to commit to huge technology and human resource investment. Linedata is committed to providing the expertise that our clients need, in the way that they need it. Linedata Global Hedge includes trading, order management, portfolio management, compliance, reporting, and investor accounting."