Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that Canadian hedge fund Radiant Investment Management has gone live with Linedata Beauchamp, the company's award-winning portfolio management software, and part of Linedata's full front-to-back solution for hedge funds.
Radiant is taking advantage of Linedata's best-of-breed hosting capabilities and is running Linedata Beauchamp via Linedata's Hosted Services.
Radiant, which was established two years ago, runs two funds which will both use the extensive portfolio management capabilities of Linedata Beauchamp. Norm Kumar, CIO and CCO of Radiant, said, "We selected Linedata Beauchamp for three key reasons: firstly, because among the systems we reviewed, and even an alternative that we trialled, it best handles the complex instrument types we trade. For Radiant, a second key factor was the ability to accurately shadow our NAV, which it does to the penny. Finally, our third reason was the fact that we have the system hosted by Linedata means we do not need to invest in the overhead of an IT department to run it."
Linedata has an increasing presence in the Canadian market, having recently opened an office in Toronto to service our growing client base. Jack Wiener, Executive Vice President of Linedata North America, said, "We're delighted to have Radiant manage their funds on Linedata Beauchamp. Increasingly, we're seeing hedge funds select Linedata's solutions as we can deliver a fully integrated front-to-back offering; with Linedata, you get a seamless solution that better enables hedge funds to meet the ever-changing requirements of the regulators and the increasing demands of investors. Linedata is an established, independent firm with a proven record of investing in innovative software to support our investment management clients."