Parnassus Investments Selects LongView Trading ASP for Socially Responsible Investment Management
27 November 2006
Boston - Linedata Services, a leading provider of software and services to the global financial services marketplace, is pleased to announce that Parnassus Investments has selected LongView Trading ASP, Linedata’s hosted trading and order management system to support their unique, socially responsible investment style. LongView Trading’s breadth of functionality and ease of implementation has enabled firms of different sizes and investment styles to quickly adopt the product.
Marc Mahon, Controller, of Parnassus Investments explains, “What makes us unique in the marketplace is our approach to investing in companies that are socially responsible, and having the right systems in place to help us manage our process is critical. Linedata’s LongView Trading, with its advanced pre-trade compliance module and turn-key ASP delivery and support package, is the perfect solution for a firm like ours.”
“LongView Trading’s ability to support the investment style of Parnassus Investments is a strong testament to the large feature set of our system,” commented Eric Bernstein, senior vice president and head of North American sales. “By combining the standard functionalities of LongView with an ASP delivery option, we have provided a unique and innovative solution to the market, and one in which many firms are now migrating to.”
Parnassus is an existing Linedata client, having installed the MFACT Fund Accounting System in 2003.
About Parnassus Investments
Founded in 1984, Parnassus Investments is an investment management firm that looks to invest in undervalued companies with good long-term growth prospects. Based in San Francisco, Parnassus manages $1.2 billion as of October 31, 2006.