Inverewe Capital, a credit-focused global investment manager, has tapped Linedata’s tech to streamline middle office, research and risk capabilities.
Linedata, which provides of credit and asset management technology, data and services, said it will operate an integrated technology and services solution in Europe with the London-based firm.
The move will see Inverewe leverage Linedata’s offering to streamline and scale its operations across a range of capabilities for risk management, research and the middle office.
“Deciding to work further with Linedata was easy because they’ve been able to support the entire process,” noted Michael Murphy, Inverewe Capital COO. “We partnered with Linedata to get scalability – including the in-house access, expertise and ability to add resources as needed, where we see this as a long-term solution.”
Alternative managers are currently looking for operational models as they tackle challenges in the form of fee pressure and increased regulatory, compliance and investor demands.
Linedata provides reconciliation, shadow accounting, NAV and advisory services. These are enabled by dedicated professionals, industry best-in-class processes and leading technology to deliver ‘smart scale’ and reduced operational risk. In a trend being increasingly adopted,
“Succeeding in today’s financial environment with its significant regulatory, digital and operational challenges requires a flexible technology stack and operational infrastructure,” said Aldric Dupaïs, Chief Sales Officer at Linedata. “We are delighted to partner with forward-looking hedge funds like Inverewe Capital to bring our enhanced offering to the European market and provide clients with the software, services and expertise that they need to operate and secure their processes.”
Linedata recently launched a new version of its Linedata Global Hedge platform. The platform now delivers an enhanced user experience for the front-office, including order generation, pre-trade compliance and middle-office operations. It also includes multiple enhancements for trading, streamlined workflows, what-if analysis and pre-trade compliance, as well as mobile processing capabilities.
In February, the company formed a partnership with Seclore for data-centric security and compliance with GDPR. Linedata, integrated Seclore rights management solution into its Gravitas’ Cybersecurity Services Portfolio. As a result , clients can now protect their most sensitive data regardless of where the data travels or is stored, in any file format, and on any operating system or device according to the company.
The move came a month after it partnered with London Stock Exchange Group’s UnaVista to effectively address MiFID II transaction reporting obligations.
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