The system enables EverKey to view its exposure to prime brokers and counterparties
EverKey Global Partners has selected Linedata Services’s Beauchamp FundManager and PositionManager delivered by way of Linedata Hosting.
Linedata said that EverKey will use its 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 2008.
According to Linedata, its Beauchamp gives EverKey increased transparency, while Linedata Hosting allows for increased customization and control of the technology without a commensurate increase in overhead.
Linedata also said that its tool provides EverKey with the ability to view its exposure to prime brokers and counterparties and delivers a customized daily view of net asset value (NAV), positions and performance. Coupled with Linedata’s third-party operability and disaster-proof hosting system, Linedata gives EverKey an added layer of security to manage challenging marketplace.
Ed Heaney, COO of EverKey Global Partners, said: 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’s Beauchamp FundManager assists in providing us tailored, real-time and historical views of our NAVs, positions and performance. With Linedata Hosting we added system consistency and reliability without sacrificing security, access or support.