Hedge Fund Manager OrbiMed Buys Lync.NET Technology

Lync.NET says OrbiMed Advisors, a New York based hedge fund, has bought its ISO X platform. ISO X is a system which uses FTP technology, encryption and ISO 15022 message standards to transfer data to and from custodians. "To automate

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Lync.NET says OrbiMed Advisors, a New York based hedge fund, has bought its ISO-X platform. ISO-X is a system which uses FTP technology, encryption and ISO 15022 message standards to transfer data to and from custodians.

“To automate our trade communication with custodians, we looked at many options, says Eric Bittelman, CFO of OrbiMed Advisors “We chose Lync because of their expertise in building systems. Lync implemented a solution that met our expectations in quality, service, and has allowed us to considerably reduce our manual communications workflows”.

Lync says its ISO-X solution enables fund managers to electronically communicate daily trade data, allocation data, foreign exchange data and settlement information to interested parties from market leading trading systems. The system was designed to enable investment managers to reduce costs and achieve STP by eliminating faxing and other manual data transmissions.

OrbiMed is a firm focused exclusively on the health sciences industry, with over $5 billion in assets under management across a family of private equity funds, hedge funds and other investment vehicles.

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