Tue, Aug 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Two Asia hedge funds select Linedata to support their businesses

Monday, January 14, 2013
Opalesque Industry Update – Two hedge funds in Asia have selected Linedata Global Hedge to support their businesses. Linedata is a global solutions provider dedicated to the investment management and credit industries.

One of these, Magenta Advisors PTE Ltd (Magenta), an independent boutique asset management and investment advisory firm based in Singapore, selected the portfolio management and middle office module of Linedata Global Hedge to support its start-up hedge fund business. Magenta will rely on Linedata to host and manage the software.

Recent analysis of the hedge fund industry in Asia shows strong performance and a record number of 1,128 hedge funds in the third quarter of 2012. With growing competition and volatile market conditions, it is important for hedge funds to have robust, trusted systems in place to support more complex requirements, deliver transparency and control, and ultimately attract investors. It was these factors that lead Magenta to search for a system.

Magenta conducted a thorough selection process based on vendors’ reputation in the industry, as well as the range and scalability of the product offering. They were particularly impressed with Linedata Global Hedge’s comprehensive handling of multiple asset types, its user friendly interface, strong technical support and its reputation in both the long only and alternative space. After shortlisting their preferred systems and trialling Linedata Global Hedge for a couple of weeks, Magenta chose Linedata.

May Lim, COO and Executive Director at Magenta, commented, “Linedata offers us both the functionality and scalable technology that we require to support our business. As a start-up, it is crucial for us to have control of our costs without sacrificing the integrity of the firm. We chose Linedata’s hosted solution as it gives us peace of mind regarding the system and data availability, it takes away the need for us to perform costly data backups and allows us to make the most effective use of our time by focusing on our core business. Looking forward, the ease of adding new funds and structures to the system means that we can launch a new product offering to our investors quickly and without incurring hefty implementation costs.”

“We are delighted to welcome Magenta Advisors to our client base,” said Sally Crane, Managing Director of Linedata Asia. “Having worked with over 200 start-ups around the world, we understood Magenta’s requirements for scalability, broad functional coverage, excellent support and choice of deployment. The addition of two clients, a start-up hedge fund and a well-established, China-focused long/short equity fund with AUM of $2bn, is affirmation that our offering is strong and well placed to meet business requirements now and in the future.”

Press release

www.linedata.com

Bg

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. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  2. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  3. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  4. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin

  5. …And Finally - Baby born on Cebu Pacific airplane gets 1 million air miles[more]

    From CNN.com: Here's one kid who'll probably learn to fly before she can crawl. After being born four hours into a flight from Dubai to Manila, baby girl Haven has been gifted 1 million air mile points. Haven's mom went into labor more than five weeks early while flying on an aircraft op