EverKey Global Partners Deploys Linedata’s Award-Winning Hedge Fund Suite Using Linedata Hosting
April 15 2009 - 10:38AM
Business Wire
Linedata Services (NYSE Euronext: LIN), announced today that
EverKey Global Partners (�EverKey�) selected Linedata Services�
Beauchamp FundManager and PositionManager delivered by way of
Linedata Hosting. EverKey will use Linedata�s FundManager, a
portfolio management system, and PositionManager a real-time
position-keeping tool, to help manage the EverKey Global Fund, a
long/short equity fund launched in the spring of last year.
As hedge funds explore ways to increase transparency and lower
operational risks and costs, EverKey has focused on developing its
overall operational and systems infrastructure. Linedata�s
Beauchamp gives EverKey increased transparency, while Linedata
Hosting allows for increased customization and control of the
technology without a commensurate increase in overhead.
�Linedata Services hedge fund solution is an important
enhancement to EverKey�s operations. In addition to our other
in-house third-party systems and our internally developed systems,
Linedata Services� Beauchamp FundManager assists in providing us
tailored, real-time and historical views of our Net Asset Values
(NAVs), positions and performance,� said Ed Heaney, Chief Operating
Officer of EverKey Global Partners. �With Linedata Hosting we added
system consistency and reliability without sacrificing security,
access or support.�
Linedata�s award-winning solution provides EverKey with the
ability to view its exposure to prime brokers and counterparties
with the click of a button and delivers a customized daily view of
NAV, positions and performance. Coupled with Linedata�s third-party
operability and disaster-proof hosting solution, Linedata gives
EverKey an edge and an added layer of security to successfully
manage today�s challenging marketplace.
�We are seeing more and more institutions turning to Linedata
Hosting, specifically from the hedge fund space, and we are pleased
to welcome EverKey to that growing list,� said Annie Morris,
Managing Director of Linedata Services North America. �We have over
20-years of hosting experience and are leaders in the hedge fund
space, so it is no surprise that many firms trust their operational
infrastructure and support to Linedata. We look forward to working
closely with EverKey and assisting them in growing their
business.�
Notes to Editors
About Linedata Services
Linedata Services (Bloomberg: LIN:FP) is the�global leader for
investment software, solutions, and support. Linedata combines
technological innovation, financial strength, and a deep
understanding of�the Asset Management, Leasing & Credit
Finance, and Insurance & Savings industries. Linedata Services�
asset management division provides comprehensive, scalable
solutions to the buy-side,�to manage the entire investment process
from pre-trade to post-settlement. Linedata is unique�in offering a
full front- to back-office solution via enterprise installation, or
as an Application Service Provider (�software as services� or
�service bureau� delivery), and has 20 years experience delivering
ASP solutions.
Headquartered in France, Linedata Services achieved revenues of
EUR 160.7 million in 2008, has offices worldwide and services more
than 800 clients across 50 countries. For more information visit
Linedata Services corporate site at www.linedata.com.
About EverKey Global Partners
EverKey Global Partners was founded by Jeffrey A. Everett,
former President and Chief Investment Officer of Templeton Global
Advisors Limited. EverKey Global Fund is a global long/short equity
fund that launched on May 2nd, 2008.
About Beauchamp Hedge Fund Solutions
Beauchamp, the hedge fund solutions offering from Linedata
Services, has been building, marketing and supporting trading &
portfolio management software products for alternative investment
managers since 1997. Beauchamp FundManager and PositionManager,
cater to multi-currency, multi-asset class, multi-prime and
multi-strategy investing and spans all stages of the trade life
cycle, from electronic trading and order management, through to
real-time P&L, portfolio analysis, automated reconciliation and
portfolio accounting. www.ldsam.com
About Linedata Hosting
Linedata Hosting gives clients a hybrid of deployed
installation, which offers high levels of customization and
control, and ASP, which reduces overhead and operational risk, for
all of the products in Linedata�s front- to back-office suite.
Linedata Hosting puts the product IT infrastructure at its data
center in Boston, and provides a dedicated staff of Linedata
employees to manage interfaces, do custom development, and provide
dedicated support for a single client. www.ldsam.com
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