Linedata gains new asset management client in the US, Friess Associates
Dave Marky, Friess Associates’ COO
US-based Friess Associates, which manages around $1 billion for institutional and private investors, is automating its ops with Linedata Longview.
The new investment management platform will support portfolio management, trading and compliance at Friess Associates.
Linedata highlights asset-specific workflows of its offering, an interface that can be tailored to the various roles of disparate users, and a range of analytics and reporting tools.
Dave Marky, Friess Associates’ COO describes Longview as “an easy to use, customisable system with a competitive price”.
France-based Linedata focuses on the investment management and credit community sectors, with around 1,000 employees in 16 offices across the globe. It says it is a pioneer of the Software-as-a-Service (SaaS) infrastructure for the financial industry and “remains committed to this model throughout the global financial community and for its full range of products”.
In 2015, Linedata had revenues of €172.3 million.
Buying Derivation
Recently, Linedata acquired fellow investment management software provider, Derivation.
Derivation specialises in risk, analytics, and portfolio management solutions to institutional and hedge fund managers. It is based in the UK, employs 20 people and its pro-forma revenue for 2015 is £2 million (€2.5 million).
