RGM Capital LLC, an investment manager based in Naples, Florida, has rolled out Linedata Longview, the order management system (OMS). RGM Capital will also use Linedata Hosting to run their front office as well as Linedata's connectivity services for electronic trading.
RGM Capital has a reported $230 million in assets under management.
With the Florida hedge fund's business growing, and to address the complexities associated with a rise in both investor and entity numbers, the fund decided to further automate its front office processes, particularly in the areas of trade allocation and compliance, according to a press statement.
"We analyze businesses for a living and approached this selection as we approach our investments. Linedata Longview fitted our needs for a front office hosted solution with an intuitive interface, scalability and proven expertise," says Ed Calkins, COO of RGM Capital.
Calkins adds, "Equally important for us, Linedata as a company is a good match; it's an independent, sustainable software house with no brokerage activity, and is a publicly quoted company with a stable, diverse client base. As this is a business infrastructure investment, these are key considerations."
Linedata claims to have added four new clients in the last month to its client base. According to Jack Wiener, executive vice-president, Linedata: "In line with the transparency required in the markets by investors and regulators, hedge funds are demanding transparency from their vendors. Linedata takes its independence as a software vendor very seriously, and, in addition to our best-of-breed solutions, we're seeing this as an important factor for smart asset managers of all types."
RGM Capital, LLC was founded in 2003 and manages a long-only portfolio of 10-20 positions with a value oriented investment philosophy, a focus on high-quality businesses generally ranging from $100 million - $2.0 billion in market cap, and a 3 to 5 year investment horizon.