Canadian hedge fund Radiant Investment Management has gone live with Linedata Beauchamp, a portfolio management system. The fund is using Linedata's hosting capabilities and is running Linedata Beauchamp via Linedata's Hosted Services.
Established in 2010, Radiant runs two funds which will both use the portfolio management capabilities of Linedata Beauchamp.
According to Norm Kumar, CIO and CCO of Radiant, "We selected Linedata Beauchamp for three key reasons: firstly, because among the systems we reviewed, and even an alternative that we trialled, it best handles the complex instrument types we trade. For Radiant, a second key factor was the ability to accurately shadow our NAV, which it does to the penny. Finally, our third reason was the fact that we have the system hosted by Linedata means we do not need to invest in the overhead of an IT department to run it."
Linedata has a growing presence in the Canadian market, having recently opened an office in Toronto to service our growing client base.
Jack Wiener, executive vice president of Linedata North America, says, "Increasingly, we're seeing hedge funds select Linedata's solutions as we can deliver a fully integrated front-to-back offering; with Linedata, you get a seamless solution that better enables hedge funds to meet the ever-changing requirements of the regulators and the increasing demands of investors."
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio