Linedata has teamed up with Invisage to allow clients to track the performance of investment research under the second Markets in Financial Instruments Directive (MiFID II).
As part of the partnership, clients of the credit and asset management technology, data and services provider Linedata will be able to more efficiently streamline investment research costs and generate alpha in a post-MiFID II environment.
MiFID II regulations require fund managers to reduce investment research costs, which has caused firms’ research budgets to be cut by 20 to 30 percent, according to the Financial Conduct Authority (FCA).
Start-up analytics platform Invisage utilises advanced data analytics, natural language programming, and artificial intelligence to extract alpha from research content.
Vishnu Thurpati, CEO of Invisage, said: “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.”
Ed Gouldstone, global head of research and development for asset management at Linedata, added: “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.”