Cavendish Administration, which supplies back-office support to funds and investment managers, will employ Linedata Icon to build a portfolio administration, fund accounting and reporting solution. Prior to this partnership, Cavendish had a proprietary tool but it found that it wasn't sophisticated enough.
Cavendish, which is based out of London, has $1 billion under management. Linedata now has 45 UK clients.
The SEC takes a definitive stance on the status of cryptocurrencies; the idea of privacy consistently changes with the introduction of new technologies.Subscribe to Weekly Wrap emails