Source: Linedata Services
Linedata Services (LIN:FP), the leader for investment software, solutions and services today announced the first live manager on its Beauchamp Enterprise Platform at Tennyson Fund Solutions, a global provider of fund administration, middle- and back-office outsourcing, and technology services to the hedge fund, fund of fund and private equity industry.
Tennyson has integrated Beauchamp's complete set of hedge fund products (Beauchamp Enterprise) to form an investment management platform on an ASP basis, significantly expanding their technology and client services offering.
This partnership with Tennyson comes at a time when many alternative investment groups seek complete solutions that afford them fiscally prudent methods to create greater controls and services with which to manage their assets; Tennyson's outsourcing solutions, with Beauchamp's Enterprise Solution as its core, on an ASP basis, is the answer.
"We are pleased to have licensed Beauchamp Enterprise to Tennyson Fund Solutions and feel that this partnership will afford the alternative investment market both opportunity and access to our award winning Hedge Fund Solutions" said David Bilbé, Managing Director, Linedata Services Northern Europe. "We have grown our business significantly in the past year and with the Tennyson partnership, we now have tremendous scalability and flexibility to expand the scope of our services and provide technology infrastructure directly to an expanded market. The Tennyson platform is the perfect solution for managers that seek solutions as robust as Beauchamp's but lack the infrastructure and technology to do so."
With its first client live this past month, January of 2008, Tennyson expects exponential growth in the coming year and anticipated expansion of services from its main London office to Asia, North America and beyond.
"We are excited to partner with the industry's most experienced hedge fund solutions provider who understands the challenges facing hedge funds today,"
said Tony Stocks, Chief Executive Officer of Tennyson Fund Solutions. "With our first client live this year and more to come; we are confident that Tennyson has the right team, business model, and expertise to execute our vision of becoming a leading global fund administrator. We are only too pleased that Beauchamp Enterprise on an ASP basis is an integral part of Tennyson's infrastructure enabling us to offer best of breed solutions to the hedge fund, fund of funds and private equity market."