EverKey Global Partners Deploys Linedata’s Hosted Hedge Fund Suite

Linedata's solution provides EverKey with the ability to view its exposure to prime brokers and counterparties with the click of a button and delivers a customized daily view of NAV, positions and performance.

EverKey Global Partners has deployed Linedata Services' Beauchamp FundManager and PositionManager delivered by way of Linedata Hosting.

Linedata said EverKey will use Linedata's 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.

Linedata's solution provides EverKey with the ability to view its exposure to prime brokers and counterparties with the click of a button and delivers a customized daily view of NAV, positions and performance.

As hedge funds explore ways to increase transparency and lower operational risks and costs, EverKey has focused on developing its overall operational and systems infrastructure, Linedata said in a release.

According to the vendor, Linedata's Beauchamp gives EverKey increased transparency, while Linedata Hosting allows for increased customization and control of the technology without a commensurate increase in overhead.

"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' Beauchamp FundManager assists in providing us tailored, real-time and historical views of our Net Asset Values (NAVs), positions and performance," Ed Heaney, COO of EverKey Global Partners, said in a release. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio