Linedata is expanding its Global Hedge Portfolio Manager. The firm, which provides software solutions to the investment management industry, is making Electra Information Systems part of its Hedge Portfolio Manager. Account receonciliation, system-to-system, P&L, collateral, security master data and pricing data are now easier for Linedata users with the integrated software.
Hedge funds have told us about their desire to achieving accurate and timely reconciliation across their portfolio holdings. Providing hedge funds with integration to Electras award winning reconciliation application delivers a robust and best-of-breed solution for reconciliation, said Patricia Regnault Fouqueray, European Head of Asset Management at Linedata.
Prior to the integration, asset managers would use spreadsheets to create data and reconciliations creating duplication and errors in portfolio reconciliations.
Electra Reconciliation automates and simplifies reconciliation processes, reducing overhead costs and associated operational risks. This includes the recent introduction of an intuitive NAV/TPV (net asset value/total portfolio valuation) workspace, benefitting investment managers who struggle to reconcile a portfolios NAV-a critical component of client billing and reporting.
