Linedata reports EverKey Global Partners deal

Source: Linedata Services

Linedata Services (NYSE Euronext: LIN), announced today that EverKey Global Partners ("EverKey") selected Linedata Services' Beauchamp FundManager and PositionManager delivered by way of Linedata Hosting.

EverKey will use Linedata's FundManager, a portfolio management system, and PositionManager a real-time position-keeping tool, to help manage the EverKey Global Fund, a long/short equity fund launched in the spring of last year.

As hedge funds explore ways to increase transparency and lower operational risks and costs, EverKey has focused on developing its overall operational and systems infrastructure. Linedata's Beauchamp gives EverKey increased transparency, while Linedata Hosting allows for increased customization and control of the technology without a commensurate increase in overhead.

"Linedata Services hedge fund solution is an important enhancement to EverKey's operations. In addition to our other in-house third-party systems and our internally developed systems, Linedata Services' Beauchamp FundManager assists in providing us tailored, real-time and historical views of our Net Asset Values (NAVs), positions and performance," said Ed Heaney, Chief Operating Officer of EverKey Global Partners. "With Linedata Hosting we added system consistency and reliability without sacrificing security, access or support."

Linedata's award-winning solution provides EverKey with the ability to view its exposure to prime brokers and counterparties with the click of a button and delivers a customized daily view of NAV, positions and performance. Coupled with Linedata's third-party operability and disaster-proof hosting solution, Linedata gives EverKey an edge and an added layer of security to successfully manage today's challenging marketplace.

"We are seeing more and more institutions turning to Linedata Hosting, specifically from the hedge fund space, and we are pleased to welcome EverKey to that growing list," said Annie Morris, Managing Director of Linedata Services North America. "We have over 20-years of hosting experience and are leaders in the hedge fund space, so it is no surprise that many firms trust their operational infrastructure and support to Linedata. We look forward to working closely with EverKey and assisting them in growing their business."

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