Case Study: an $8B hedge fund streamlines reconciliations with Linedata's co-sourcing solution

$8B Hedge Fund ends daily reconciliation headaches with Linedata’s 5x24 support

A major hedge fund faced significant operational challenges due to its manual, Excel-based reconciliation processes. This led to an inability to meet daily deadlines, a high number of errors, and an untenable situation for a firm with growth ambitions. The fund turned to Linedata for a co-sourced reconciliation solution to address its cash, transaction, and position breaks reconciliation.

Linedata implemented a dedicated team using proprietary, automated tools to provide accurate, three-way reconciliation before the start of each business day. The solution provided the hedge fund with a fully reconciled investment book each morning, 24-hour coverage, and the ability to scale with business demands. Linedata’s service acted as an extension of the client's team, eliminating daily reconciliation headaches and significantly mitigating operational risk.