Linedata's Beauchamp Enterprise Solution Deployed by Tennyson Fund Solutions
21 February 2008 - 5:34AM
Business Wire
Linedata Services (LIN:FP), the leader for investment software,
solutions and services today announced the first live manager on
its Beauchamp Enterprise Platform at Tennyson Fund Solutions, a
global provider of fund administration, middle- and back-office
outsourcing, and technology services to the hedge fund, fund of
fund and private equity industry. Tennyson has integrated
Beauchamp�s complete set of hedge fund products (Beauchamp
Enterprise) to form an investment management platform on an ASP
basis, significantly expanding their technology and client services
offering. This partnership with Tennyson comes at a time when many
alternative investment groups seek complete solutions that afford
them fiscally prudent methods to create greater controls and
services with which to manage their assets; Tennyson�s outsourcing
solutions, with Beauchamp�s Enterprise Solution as its core, on an
ASP basis, is the answer. �We are pleased to have licensed
Beauchamp Enterprise to Tennyson Fund Solutions and feel that this
partnership will afford the alternative investment market both
opportunity and access to our award winning Hedge Fund Solutions�
said David Bilb�, Managing Director, Linedata Services Northern
Europe. �We have grown our business significantly in the past year
and with the Tennyson partnership, we now have tremendous
scalability and flexibility to expand the scope of our services and
provide technology infrastructure directly to an expanded market.
The Tennyson platform is the perfect solution for managers that
seek solutions as robust as Beauchamp�s but lack the infrastructure
and technology to do so." With its first client live this past
month, January of 2008, Tennyson expects exponential growth in the
coming year and anticipated expansion of services from its main
London office to Asia, North America and beyond. �We are excited to
partner with the industry�s most experienced hedge fund solutions
provider who understands the challenges facing hedge funds today,�
said Tony Stocks, Chief Executive Officer of Tennyson Fund
Solutions. �With our first client live this year and more to come;
we are confident that Tennyson has the right team, business model,
and expertise to execute our vision of becoming a leading global
fund administrator. We are only too pleased that Beauchamp
Enterprise on an ASP basis is an integral part of Tennyson�s
infrastructure enabling us to offer best of breed solutions to the
hedge fund, fund of funds and private equity market.� Notes to
Editors About Linedata Services Linedata Services (LIN:FP) is the
leader for investment software, solutions, and services. Linedata
combines global reach, financial strength, and a deep understanding
of Asset Management, Leasing & Credit Finance, and Insurance
& Savings. Linedata Services Asset Management (www.ldsam.com)
provides comprehensive, scalable solutions to the buy-side,
managing the entire investment process from pre-trade to
settlement. Linedata is unique because it offers a full front- to
back-office solution via enterprise installation, hosting, or as an
Application Service Provider, and has 20 years experience
delivering ASP solutions. Headquartered in France and listed on the
Paris stock exchange, Linedata Services achieved revenues of EUR
164.8 million in 2007, has offices worldwide and services more than
1000 clients across 50 countries. For more information visit
Linedata Services at www.linedata.com. 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. The Beauchamp software
suite caters to multi-currency, multi-asset class 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 Tennyson Fund Solutions
Tennyson Fund Solutions is a fund administrator offering
front-to-back solutions for hedge funds, funds of funds and private
equity funds, using a state-of-the-art technology and client
service platform. Tennyson Fund Solutions was founded by Tony
Stocks, formerly the group director of Citco Fund Services until
2001. Tennyson looks to service hybrid funds � multi-strategy,
event-driven, global macro, emerging markets,�by capitalizing on
the ability of the Beauchamp software suite to cover most
instruments. Tennyson also services fund of funds and family office
clients. Tennyson is headquartered in Bermuda, and has an operating
office in Guildford, west of London. It is expanding into the USA
and Asia during 2008. For more information visit Tennyson Fund
Solutions at www.tennysonfunds.com.
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