Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that Meeschaert Asset Management has implemented Linedata Front Office Platform to manage their complete front-to-back asset management workflow across their business.
Having an integrated solution for both front and middle office controls, including compliance, reconciliation, risk management and valuation enables middle office teams and risk managers to monitor these risks in real-time, as well as manage any discrepancy on a timely basis and reduce any subsequent impact.
Building an innovative technology infrastructure was vital to Meeschaert and a key driver in choosing to partner with Linedata. “We expect our assets under management to grow significantly, in particular in the institutional investors’ segment, and in this context we have been looking to implement a robust and proven solution,” states Philippe Troesch, CEO of Meeschaert Asset Management. “We wanted a true partnership with a robust solution to support our long term growth both domestically and globally. We turned to Linedata as this partner trusting they would meet all of our requirements.”
In order to meet client needs, asset managers must focus on their core investment management business. “Although we have delegated our trade support and fund accounting to various third party administrators, we must retain compliance, risk management and NAV oversight of our clients’ portfolios,” remarks Mr. Troesch.
Maintaining proper verifications on these delegated activities is vital as the management company retains the ultimate responsibility in case of investment breaches or NAV errors.
“Having decided to transition our operating model to our current model, concentrating on asset management and risk, and delegating all other activities, we turned to Linedata as our partner of choice,” continues Mr. Troesch. “Their fully flexible and integrated platform, through a hosted environment, provides the oversight and operational efficiencies we require. Linedata Longview seamlessly integrates with our third party administrators’ inflows and offers all the functions we need. The strong compliance engine and NAV procedures allow us to perform reconciliations and implement a full range of controls over our numerous funds, some of which have intricate investment restrictions. In particular, our Socially Responsible Investment portfolios require complex compliance controls to be implemented in real time, which Linedata Compliance is able to do. The risk management process is completed through Linedata’s partnership with StatPro Revolution (www.statpro.com), which is fully integrated with the comprehensive product suite.”
“We are pleased to have Meeschaert as our newest asset management client using the Linedata Front Office Platform. Linedata allows clients like Meeschaert to change their operating model to achieve greater efficiencies, and focus on their core business by providing technology which offers front-to-back workflow tools necessary for the full trade lifecycle,” comments Daniel Burstein, COO of Linedata Front Office Asset Management. “Through Linedata Hosting, Meeschaert has chosen us as a trusted partner to manage the infrastructure which will allow them to fully focus on their clients and business.”
Linedata Longview provides enhanced portfolio management tools and workflows, expanded execution management tools and analytics, streamlined allocation tools, advanced compliance monitoring, and integrated portfolio analytics with performance measurement and flexible reporting. Linedata Compliance, the robust, real-time system, offers comprehensive pre- and post-trade monitoring of investment restrictions including firm wide, fund specific mandates and regulatory constraints while meeting the most stringent audit trail requirements. Linedata Navquest offers financial institutions of any size with the means to streamline the NAV validation process in an automated way and ensures real time portfolio valuation analytical controls.