LAKE SUCCESS, New York, October 13, 2011 /PRNewswire/ --
Paladyne Systems, a Broadridge Company, a leading provider of next generation investment management solutions, today announced that Boyer Allan Investment Management, a leading specialist manager of Asian equity absolute return funds, has replaced its legacy technology vendor with the Paladyne Suite™, a state of the art investment management platform.
Boyer Allan, which was established in 1998 and has offices in Hong Kong and London, required a solution that addressed the growing complexity of their business. The firm currently manages eight funds focused on Asia Pacific for institutional clients requiring support from multiple prime brokers, four fund administrators and a connection with multiple trade end execution systems including Omgeo, Bloomberg Port and Tora.
Guy Commaille, COO of Boyer Allan, "We have high demands on our systems and Paladyne offered Boyer Allan a full front-to-back office investment management platform that far surpassed, in functionality and flexibility, any other solution in the marketplace. Working with the very experienced and knowledgeable client services team in Hong Kong, we were able to rapidly implement the Paladyne Suite™ and replace our existing technology vendor. We have many systems and partners we needed to integrate with and the Paladyne team provided a rapid and seamless transition. We have been able to automate many tasks and the flexibility of the system allowed us to instantly implement data/analysis for our portfolios in real-time. We now have performance attribution models which offer greater insight into actual performance than before."
Sameer Shalaby, President of Paladyne Systems, "We are pleased to work with Boyer Allan to deliver a solution that met their needs as a well-established and sophisticated large asset management firm. Hedge funds in the Asia-Pacific region are seeking solutions that can deal with the complexity of their front-office and trading desks as well as reach across the middle- and back-office, combining for the client comprehensive data aggregation, reporting and reconciliation tools."
Boyer Allan licensed the Paladyne Suite™, including Paladyne Portfolio Master™ and Paladyne Analytics Master™ an integrated set of software components for managing the lifecycle of orders, positions, and reference data. Paladyne's solution provides industry-leading functionality for real-time profit and loss calculation, compliance monitoring, model-based valuation, equity short-availability sourcing, firm-wide reporting, automated counterparty communication, and position maintenance event processing.
In addition to the general suite, Paladyne was able to offer Boyer Allan performance models, including industry standard time weighted return and other performance statistics. The Paladyne client services team also set up automated procedures to help with the fund administration NAV reconciliation and is currently working with Boyer Allan to further streamline this process.
About Paladyne Systems®
Paladyne Systems, a Broadridge Company, is the leading provider of next generation investment management solutions. Paladyne offers its integrated front-, middle- and back-office platform, known as the Paladyne Suite™, to hedge funds, asset managers, fund administrators and prime brokers. The modular Paladyne Suite™ includes order management, portfolio management, reference data management, data warehouse and custom reporting and reconciliation, and is complemented by the Paladyne Network™, an integrated network of leading 3rd party software and market data firms. The solution can be delivered onsite or via Paladyne's industry-leading application service provider solution, Paladyne ASP™. Paladyne was established in 2005 and now serves over 150 clients worldwide. The firm has approximately 160 employees, and is headquartered in New York, with regional offices in New Jersey, London, Russia and Hong Kong. For more information, please visit http://www.paladyne.com.
The Paladyne Suite™ includes the following modules:
- Paladyne Portfolio Master™ - provides electronic trading, order management and allocation, portfolio management, real-time P&L and strategy-based performance tracking.
- Paladyne Analytics Master™ - provides portfolio analytics, data aggregation and custom reporting tools.
- Paladyne Security Master™ - provides a centralized terms and conditions repository and distribution engine with real-time updates and corporate action alerts.
- Paladyne Price Master™ - provides automated collection, storage, and time series analysis of prices and market data from any third-party sources.
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $4 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit http://www.broadridge.com.
Paladyne Systems Sales Contact: Paladyne Media Contact: Neil Sullivan, Paladyne Americas (New York) Sales Lisa Jane O'Neil +1-646-214-3726 +1-212-786-7629 firstname.lastname@example.org +1-917-361-8303 Eric Royer, Paladyne Asia-Pacific (Hong Kong) Sales +852-3695-5128 email@example.com Jonathan Cross, Paladyne EMEA (London) Sales +44-(0)20-3375-8015 firstname.lastname@example.org Broadridge Media Contact: Ed Orgon Torrenzano Group +1-212-681-1700