Wed, Mar 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Public Trust Advisors go live on newly launched Linedata Admin Edge administrator platform

Wednesday, March 07, 2012
Opalesque Industry Update: Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that start-up investment advisor Public Trust Advisors LLC has gone live in only six weeks from signing, with the recently announced Linedata Admin Edge, a comprehensive platform comprising an fund accounting, investor administration and web reporting. The Linedata Admin Edge platform will enable Public Trust Advisors to manage and administer investment accounts for public agencies. The solution is hosted by Linedata.

Public Trust Advisors, a Colorado-based investment management firm, won a significant contract to manage the portfolios of the Colorado Local Government Liquid Asset Trust (COLOTRUST), which currently has assets under management of nearly US $4 billion. The consequent search for the right software led to the selection of Linedata for a comprehensive technology platform covering fund accounting, investor account administration, income allocations and web reporting in a hosted environment. Public Trust Advisors reviewed three other solutions, but found in Linedata the comprehensive solution and mindset they required. Greg Wright, CEO of Public Trust Advisors, explained, “The real advantage of Linedata was a fully integrated solution, with systems which were designed to work together to achieve efficiencies and keep costs in check.” He continued, “A further benefit we have discovered is the Linedata staff. We are delighted with how responsive and timely they are; Linedata really wants to be our business partner. Our final requirement, which is based on our business model and approach, was a fully hosted solution as we did not want to get into the business of running hardware and managing disaster recovery.”

Public Trust Advisors needed a solution to be up and running in time to meet their tight, client-led deadline. In order to meet that deadline, Linedata implemented the solution in just six weeks. Not only that, but they had a further requirement for an on-line trade order entry facility for their investors. Public Trust Advisors is the first client to use this new Linedata service. Greg Wright commented, “What Linedata is doing is at the vanguard. We are confident that this new on-line experience will delight our current clients and help us win new ones. In addition, the breadth of the software solution gives us the tools to grow our offering. We can manage funds, and carry out transfer agency and fund administration functions.”

“The administrator market increasingly needs a broader toolbox to provide everything from accounting and compliance to client reporting to meet the demands of their clients. Linedata has a proven platform deployed at some of the largest and most progressive administrators in the world. An increasing number of these clients sign up for an integrated, hosted platform such as this, as they look to gain competitive advantage through technology while keeping their overhead stable,” observed Annie Morris, Linedata’s Managing Director for North America. “It is a testament to our best-of-breed products and our people when clients like Public Trust Advisors choose us as their technology partner at the inception of their operation. We’re off to a great start by offering an on-line trade order entry facility to help Public Trust Advisors service their clients and we look forward to helping them grow their business.”

LineData

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie