Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that Naples, Florida-based investment manager RGM Capital LLC has signed up for Linedata Longview, the company's award-winning order management system (OMS), and part of Linedata's comprehensive solution for alternative investment managers.
RGM Capital has opted to use Linedata Hosting, taking advantage of Linedata's best-of-breed hosting capabilities to run their front office, and will also benefit from Linedata's connectivity services for electronic trading. RGM capped a strong series of Q4 client wins for Linedata's North American hedge fund group, particularly in the front office.
RGM Capital's business is growing, and to address the complexities associated with a rise in both investor and entity numbers, the firm decided to further automate its front office processes, particularly in the areas of trade allocation and compliance. After a rigorous selection process, Linedata Longview OMS was chosen, with its integrated pre-trade compliance and strong managed accounts capabilities. Ed Calkins, COO of RGM Capital, elaborates: "We analyze businesses for a living and approached this selection as we approach our investments. Linedata Longview fitted our needs for a front office hosted solution with an intuitive interface, scalability and proven expertise. Equally important for us, Linedata as a company is a good match; it's an independent, sustainable software house with no brokerage activity, and is a publicly quoted company with a stable, diverse client base. As this is a business infrastructure investment, these are key considerations."
Linedata continues to expand its presence in the North American alternative investment management and hedge fund market, having added four new clients in the last month alone to its growing client base. Jack Wiener, Executive Vice-President, Linedata, comments: "In line with the transparency required in the markets by investors and regulators, hedge funds are demanding transparency from their vendors. Linedata takes its independence as a software vendor very seriously, and, in addition to our best-of-breed solutions, we're seeing this as an important factor for smart asset managers of all types."