Linedata partners with Invisage to check research performance and reduce costs under MiFID II

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Credit and asset management technology, Linedata has announced a new partnership with the analytics platform Invisage. The collaboration will enable Linedata’s global fund managers to track their research performance using Invisage’s solution. The fund managers can reduce spend on research under MiFID II rules and inform investment strategy for generating alpha.

Vishnu Thurpati, CEO of Invisage, commented, “As a leading technology solutions provider for global investment firms, Linedata is a great partner to help Invisage reach a comprehensive level of hedge funds and asset managers. We believe Invisage complements Linedata’s existing offers and will deliver cost-savings and enhanced portfolio performance for their clients.”

According to FCA, under MiFID II rules requiring fund managers to ‘unbundle’ investment research costs, budgets set aside by firms for research have fallen by 20%-30%, in a bid to reduce costs. Linedata, through the collaboration, will be able to identify and pay only for the most valuable research.

Ed Gouldstone, Global Head of R&D for Asset Management at Linedata, commented, “In a post-MiFID II environment, fund managers are under increased pressure to streamline research budgets while continuing to deliver returns for clients. Offering access to Invisage’s cutting-edge solution not only helps our clients navigate these pressures but represents the next step in our mission to enhance operational efficiency and provide access to the best quality data.”

Invisage uses advanced data-analytics, natural language programming, and artificial intelligence to extract alpha from research content while empowering investment decision-making by pooling relevant insights and forming consensus across asset classes. It compares effectiveness across different providers, bringing various forms of research into a single platform for enhanced visibility.