Linedata Services (NYSE Euronext: LIN), announced today that Edgewood Management LLC ("Edgewood"), the investment adviser to the Edgewood Growth Fund, has licensed Linedata Services' LongView Order Management System (OMS).
Edgewood is using the award-winning LongView Trading OMS through Linedata Hosting.
Many investment advisers are moving to adopt auditable electronic infrastructure as investors and regulators place an increased emphasis on transparency and disclosure. Edgewood is staying ahead of this trend by adopting LongView Trading using Linedata Hosting, avoiding the overhead associated with running technology systems in-house with existing staff.
"Edgewood is in the investment business not the software business," said Annie Morris, Managing Director for Linedata Services in North America. "By accessing LongView through Linedata Hosting, Edgewood can focus on what it does best - producing solid investment returns for its clients. We take care of everything else on the technology side of the equation, delivering full access to the best software remotely."