Paladyne Systems has integrated the Advise Technologies solution with the Paladyne® Suite of data collection and data management products to enable fund managers and service providers to streamline their Form PF processes. The combined solution is hosted in Paladyne’s SAS 70 certified data centers to provide a seamless enterprise-wide platform and comprehensive toolset for collecting, normalizing and aggregating data from all internal and external sources required to complete Form PF. This integration allows for a rapid on-boarding process to support the imminent filing deadline. Paladyne will provide this product to hedge funds directly as well as a bundled software solution for service providers, including fund administrators and prime brokers to utilize for their clients, as a hosted “ASP” or locally deployed solution.

“For funds and their service providers to meet this reporting deadline, capturing the necessary data is unprecedented. This is an entirely new process,” said Doug Schwenk, President & CEO, Advise Technologies. “The complex reporting requires aggregating, normalizing and tagging data from multiple sources, including portfolio, risk, collateral, and performance data. By integrating our software with the Paladyne data warehouse and security master, we can address the complex data aggregation needs of these funds and allow service providers to complete the reporting requirements.”

“Our clients have been laser-focused on addressing Form PF reporting requirements and have reached out to Paladyne for help,” said Sameer Shalaby, President, Paladyne Systems. “Our partnership with Advise creates a comprehensive and innovative enterprise technology platform for Form PF and for future regulatory requirements, capable of compiling and handling the necessary data in a timely and cost effective manner. We are delighted to work with Advise to support our clients in addressing the burden of regulatory reporting and compliance.”

Paladyne has integrated Paladyne Analytics Master™ and Paladyne Security Master™ with Advise Enterprise server and Form PF Workbook to provide an interactive web-based Form PF interface for clients to enrich data, approve calculated data and electronically file with the SEC. Data storage, calculations, historical auditing and reporting is handled by Paladyne Analytics Master warehouse, which is integrated with Advent’s Geneva®, SunGard VPM, RiskMetrics®, and all major prime brokers and fund administrators. Paladyne Security Master is integrated with all leading data vendors to manage securities terms and conditions and corporate actions. The combined solution is hosted at Paladyne’s global data centers in the US, Europe and Asia.

Paladyne and Advise are working together to deploy the combined solution at several large US-based hedge funds and several of the world’s largest fund administrators.

Media Contacts

Lisa Jane O’Neil
212 – 786-7629 or  917-361-8303
lisajane@ljoassociates.com

About Advise Technologies

Advise Technologies, LLC, is a premier provider of compliance solutions for private funds, including hedge fund and private equity fund managers.  Started by a core group of private fund and technology professionals in 2010, Advise Technologies has been at the forefront of solutions to challenges posed to managers by the changing global regulatory environment.  The Advise Technologies product line includes solutions for Forms PF, CPO-PQR, and CTA-PR.  The firm is headquartered in New York.  For more information, please visit www.AdviseTechnologies.com.

“Our commitment to continual innovation of our technology and products to meet the rapidly evolving needs of our clients is reflected in the release of Paladyne Portfolio Master 8.0,” said Sameer Shalaby, President, Paladyne Systems. ”Hedge funds and asset managers require sophisticated and proven institutional-grade solutions. Building on our already comprehensive suite of services, these new features will help managers measure true profitability, create a seamless straight-through workflow, minimize middle- and back-office costs, and meet new regulatory and reporting requirements, all within a single integrated, hosted solution.”

Launched in 2008 as the industry’s first combined OMS and PMS solution, Paladyne Portfolio Master now supports significant market share with over 200 hedge fund and asset managers globally. Paladyne’s integrated front-, middle- and back-office platform includes order management, portfolio management, reference data management, data warehouse reporting and reconciliation, and is complemented by the Paladyne Network™, which is comprised of a number of preferred strategic partnerships with leading software and market data firms, including hosting services and tight integration with Advent’s Geneva® and other leading portfolio accounting applications.

Highlights of Paladyne Portfolio Master’s new functionality include:

• Borrow Fee Manager: As a complement to a successful launch of Paladyne’s Short Availability Manager in 2010, which provides automated pre-trade stock locates, Borrow Fee Manager automates the calculation and tracking of post-trade borrow costs and allocates these costs directly to the short positions and related strategies for more accurate profit and loss reporting.
• UCITS Compliance: The UCITS Compliance Module provides a standard library of rules for UCITS funds covering all areas including concentrations, counterparty exposure, acceptable assets, and control thresholds.  The UCITS rules can be applied both on a pre- and post-trade basis and may run in real-time with up-to-the second positions including working orders as well as live pricing to help provide maximum protection against compliance breaches.
• Modeling and OTC Valuation Enhancements:  The modeling and valuation tools have been expanded to include additional model libraries, enhanced sensitivity analysis, and more seamless real-time access to market data (including curves, volatilities and spreads).  It is now easier than ever to monitor real-time value, exposure and sensitivities across a complex portfolio.
• Omgeo CTM™:  Paladyne has integrated with Omgeo’s flagship CTM service for electronic matching of orders and confirmation of allocations.  This integration is part of a broader initiative to introduce seamless straight-through workflow across a full range of asset classes in an effort to minimize trade-related errors and reduce operating costs for clients. This integration also connects to a trade matching gateway, which will include adapters for OTC trade affirmations due to become regulatory requirements.
• Expanded Algo integration and FIX broker network: Paladyne has expanded its integration with all popular Algos offered by all top investment banks. In addition, Paladyne has continued to expand its FIX broker network connectivity by adding over 200 more global brokers.
• Broader market data integration:  Paladyne has expanded its integration and hosting of third-party market data vendors. This enables fund managers to access the relevant market data in real-time across their entire portfolio.

Paladyne continues to invest in infrastructure and has expanded its SAS 70 Level II certified-ASP hosting services across the suite of products. Paladyne’s hosting facilities now include Asia Pacific with a Hong Kong data center, in addition to centers in the US and Europe, providing clients with highly available, redundant and low-latency solutions based on their physical presence.

Media Contacts

Lisa Jane O’Neil
212 – 786-7629 or  917-361-8303
lisajane@ljoassociates.com

“Paladyne is working to accelerate sales across the Americas, EMEA and Asia Pacific, and Bill brings the necessary experience to lead our business development efforts globally,” said Sameer Shalaby, President, Paladyne Systems. “He will be instrumental in extending Paladyne’s unique solutions to new and existing clients across the buy-side industry.”

Most recently Managing Director and Global Head of Sales at GlobeOp Financial Services, Mr. Kelly brings more than 30 years of experience in complex financial services and technology sales and business development to Paladyne. He will be responsible for growing Paladyne’s client base across the buy-side.

Currently, Paladyne provides solutions to over 200 clients, including hedge funds of all sizes and trading strategies, hedge fund administrators, and broker-dealers.

“I am excited to join the team at Paladyne at this moment in the company’s evolution,” said Mr. Kelly. “Paladyne has built a very powerful integrated front-, middle- and back-office platform that is a truly differentiated offering in the industry. In the current regulatory and fiscal climate, this value proposition is extremely attractive.”

Mr. Kelly has held positions at AllianceBernstein, RogersCasey and Comdisco. He started his career at IBM.

Media Contacts

Lisa Jane O’Neil
212 – 786-7629 or  917-361-8303
lisajane@ljoassociates.com

 Butterfield Fulcrum’s latest technology offering leverages Paladyne ClientLink™, a client-facing front- and middle-office solutions platform for fund administrators including electronic trading and order management, compliance, real-time profit and loss and risk reporting, portfolio management and automated reconciliation. Paladyne ClientLink is a fully integrated add-on to Butterfield Fulcrum’s existing IT infrastructure providing a seamless interface between the fund manager and the administrator. With this shared services and technology platform, fund managers have a complete trading and portfolio management solution bundled with a full daily services offering across the entire trade lifecycle from trade execution and real-time portfolio reporting to cash management and daily reconciliation.

 “With the implementation of Paladyne ClientLink, our existing and prospective clients now have a unique outsourced technology platform that allows us to provide enhanced services across the entire trading lifecycle and operational workflow of a fund manager,” said Chris Mulhern, COO and President, Butterfield Fulcrum. “Our clients can now extend the role of their independent fund administrator into the middle-office as well as employ best in class front-end trading and portfolio management technology.”

“Today’s fund managers are relying more and more on their fund administrators to provide technology solutions that help them run their daily trading and operations, while streamlining the data communication and aggregation among their various counterparties,” said Sameer Shalaby, President, Paladyne Systems, a Broadridge Company. “Paladyne ClientLink is an ideal cost-effective solution for managers that require multiple prime broker relationships that want to focus on their investment decisions while relying on their fund administrator to manage their middle/back-office.”

“We are pleased to partner with Paladyne Systems and offer our clients a superior technology solution that is fully integrated with our fund administration model,” said Glenn Henderson, CEO of Butterfield Fulcrum. “Paladyne has developed an industry standard technology platform for the fund administration sector that vastly improves operational efficiencies for fund managers, and we are pleased to service our clients with the Paladyne ClientLink platform.” 

Media Contacts

Lisa Jane O’Neil
212 – 786-7629 or  917-361-8303
lisajane@ljoassociates.com

About Butterfield Fulcrum

 Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides a full service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds.    The company services more than 800 funds and has 10 offices in nine countries and employs over 500 people.  For more information, please visit www.bfgl.com.

LAKE SUCCESS, N.Y., Oct. 12, 2011 – 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, said, “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 that 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, added, “We are pleased to work with Boyer Allan to deliver a solution that meets 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 complexities of their front-office and trading desks, as well as reach across the middle- and back-office, combining comprehensive data aggregation, reporting and reconciliation tools for the client.”

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.

Media Contacts

Lisa Jane O’Neil
212 – 786-7629 or  917-361-8303
lisajane@ljoassociates.com

“The acquisition of Paladyne will significantly expand Broadridge’s position as a service provider to buy-side clients,” stated Richard J. Daly, Chief Executive Officer, Broadridge. “Buy-side firms purchase nearly 40% of capital markets technology and services and represent a segment of virtually untapped opportunity for Broadridge. Paladyne will serve as the foundation for the expansion of Broadridge’s buy-side offering, enabling us to bring Paladyne’s unique solutions to hedge funds, our existing prime brokerage clients, asset managers, hedge fund administrators and other asset servicers.”

“Broadridge has exceptional client loyalty and an outstanding reputation for service, dependability, and cost effectiveness. Broadridge’s extensive reach in the global financial services community and its global sales and distribution capabilities will enable Paladyne to expand significantly into new and existing market segments,” said Sameer Shalaby, Chief Executive Officer, Paladyne Systems. “Broadridge’s proven sell-side solutions and client-focused services in combination with Paladyne’s innovative buy-side technology creates one of the most comprehensive technology and services offerings within the financial services industry.”

Charlie Marchesani, President, Securities Processing Solutions, Broadridge, commented, “We believe that Broadridge is uniquely positioned to offer technology and outsourcing services to the hedge fund, asset management, fund administration, prime brokerage and custodial industry segments. The trust Broadridge has earned with our sell-side relationships and the neutral and independent role we hold in the industry will position us for success on the buy-side.” He added, “We proudly welcome the talented, visionary team at Paladyne. Working with Paladyne, we look forward to continuing to provide innovative solutions to existing and future clients on both the buy- and sell-sides. Paladyne Systems will operate as a core business within Broadridge’s Securities Processing Solutions division.”

Paladyne’s integrated front-, middle- and back-office platform provides hedge funds, asset managers, fund administrators and prime brokers with mission critical applications to streamline and manage their business. Paladyne’s platform includes multi-asset class order and portfolio management tools; reference data, pricing and valuation management applications; and data warehousing for firm-wide data aggregation and reporting. Paladyne combines its technology with a fully-hosted, managed IT platform.

Raymond James & Associates acted as exclusive financial advisor to Broadridge in this transaction. Credit Suisse provided strategic advice to Paladyne in connection with the transaction.

 DAP clients will receive a number of key benefits from Paladyne FastStart:

•  Turn-key technology platform:  Paladyne FastStart is a complete front- to back-office technology solution for hedge fund managers including: end-to-end electronic trading, order management, pre/post-trade compliance, real-time P&L monitoring, position keeping and portfolio management, firm-wide reporting and automated reconciliation to 3^rd-party counterparties such as prime brokers and fund administrators. Paladyne FastStart is a fully hosted ASP solution including hardware, connectivity, 24×7 IT support and full disaster recovery, which allows hedge funds to operate their businesses at minimal cost with no IT infrastructure requirements.

• Broker-neutral platform:  Paladyne FastStart provides hedge funds a true multi-prime trading and portfolio management solution that is broker-neutral and provides full operational support for any combination of prime brokers and service provider relationships.

• Managed account platform:  Paladyne FastStart provides full operational support for managed accounts with flexible trade allocation, compliance monitoring, automated reconciliation, and firm-wide aggregated reporting across all funds and managed accounts. 

 The two firms will host a webinar on July 28, 2011 to discuss the joint offering.

Ben Chinea, CEO of Direct Access Partners, commented: “Paladyne has set the technology gold standard.  We are committed to provide our clients the best value – be it capital raising or trading solutions. The increase of institutional investment in hedge funds requires that our clients have world-class operations and technology solutions.  Paladyne is the leading provider to these firms and we are pleased to provide our trading and prime brokerage customers the Paladyne FastStart solution.” 

Sameer Shalaby, CEO of Paladyne Systems, said: “Direct Access Partners has earned the respect and loyalty of its clients by providing value through its institutional trading and capital raising capabilities.  DAP clients who leverage Paladyne are at a distinct competitive advantage in terms of capital raising and operational efficiency.”

About Direct Access Partners, LLC:

Direct Access Partners, LLC is a customer focused, multi-asset class trading partner to a broad range of clients. Direct Access Partners clears and executes in 115 international markets providing anonymity through a diverse set of high-touch and electronic execution options. Direct Access Partners has offices in New York, Boston, Miami and a significant presence on the NYSE trading floor.

The firm has a strong operational foundation and technology platform and provides a wide range of trading-related services including global prime service, independent research and commission management. The Capital Alternatives Group offers hedge fund clients a unique, integrated capital introduction and capital raising solution.  The high-touch/high-tech approach powered by the firm’s entrepreneurial spirit characterize Direct Access Partners’ successful independent brokerage model. 

Direct Access Partners received Minority Business Enterprise (MBE) status in 2007 and has been certified by numerous states, county and city pension plans as well as active membership in numerous regional minority business councils.

For more information about Direct Access Partners, please refer to our website at www.daptrading.com.

http://www.paladyne.com/wp-content/uploads/DAP_Paladyne_flyer_v7.pdf

Media Contacts

Lisa Jane O’Neil
212 – 786-7629 or  917-361-8303
lisajane@ljoassociates.com

Kepos Capital LP licensed the Paladyne Suite™, 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 & loss calculation, compliance monitoring, model-based valuation, equity short-availability sourcing, firm-wide reporting, automated counterparty communication, and position maintenance event processing.   Kepos Capital LP is the first client to integrate proprietary software infrastructure with Paladyne’s new live trade blotter and real-time P&L API, achieving a highly integrated and automated investment management platform.

Ed Chu, Chief Technology Officer of Kepos Capital: “Paladyne’s functionality and support for the many instruments and asset classes we trade is impressive. But what truly differentiates their platform is the open architecture and API.  It has been an important component to our proprietary portfolio construction platform. With programmatic access to Paladyne, we have built an institutional-grade platform with streamlined workflows.  We have automated many historically-manual tasks; from derivatives setup to trade and position reconciliations. The combination of our proprietary software and Paladyne allows us to scale our business efficiently and seamlessly.”

Nick Bonamo, Head Trader of Kepos Capital: “We designed our workflow architecture around the idea that all orders, transactions, and positions would be staged, monitored, and priced from a single location. Paladyne’s Portfolio Master™, as the single point of integration for our numerous specialized execution systems, makes this ‘hub and spoke’ model a reality. This powerful concept enhances control, reduces process latency, and increases transparency of order activity information. After an extensive review of vendors and service providers, we are pleased to have chosen Paladyne as the functional solution for our complex business.”

Matt DesChamps, Chief Operating Officer of Kepos Capital: “Paladyne allowed us to complete our goal of designing a state-of-the-art operational infrastructure.  Our team has deep experience with the nuances of handling a broad universe of investable assets in global markets, and Paladyne addresses our high expectations for intelligent functionality, open interoperability, and flexible customizability necessary to support our institutional infrastructure and meet client expectations both today and in the years ahead.”

Sameer Shalaby, CEO of Paladyne: “The Paladyne Suite™ was created with an open-architecture philosophy that allows it to be deployed into the most complex infrastructures. Kepos has an operational platform that is among the most technically advanced in our industry. The Paladyne Suite™ enhances Kepos’ ability to effectively run their sophisticated business and provides a platform that exceeds the due diligence requirements of large institutional investors.”

Kepos Capital LP is a globally focused asset management firm specializing in a scientifically-based yet intuitive approach to investing.  Kepos Capital is comprised of approximately 30 individuals, many with backgrounds in economics, statistics and hard sciences. The team is led by Mark Carhart and Giorgio De Santis, who have partnered to manage client capital for over a decade.

Lisa Jane O’Neil

1-212-786-7629 or 917-361-8303

lisajane@ljoassociates.com

Alpine utilizes the Paladyne Suite™ for electronic trading and order management including two-way FIX connections, pre-/post-trade compliance, real-time P&L monitoring, portfolio management, reference data management, reconciliation to its prime brokers, and firm-wide reporting. The solution is fully hosted by Paladyne ASP™, which includes a fully managed IT service, 24×7 technical and product support, hardware, product upgrades and quality assurance, and mirrored (“hot site”) disaster recovery.

“With the growth of our firm and our plans for the future, we realized that we needed one integrated solution that was automated, and emphasized straight through processing across our entire organization and counterparties” explained Frank Fiorello, Head Trader at Alpine Associates. “We are extremely satisfied with the breadth of functionality that Paladyne offers, with this one relationship we now have a complete solution that supports our entire workflow, requires less internal resources, and appears to be much more cost-effective.”

“We are very happy to partner with a high-profile firm such as Alpine Associates,” commented Sameer Shalaby, CEO of Paladyne. “Alpine is yet another textbook example of a firm making the decision to replace its proprietary legacy technology with a cost-effective integrated suite of products bundled with a full-service IT solution.”

Media Contacts

Lisa Jane O’Neil
1-212-786-7629 or 917-361-8303
lisajane@ljoassociates.com

CZ Capital utilizes Paladyne FastStart™ for electronic trading and order management, pre- and post-trade compliance, real-time P&L monitoring, portfolio management, daily reconciliation, and firm-wide reporting. Paladyne FastStart™ is offered as a fully hosted ASP solution complete with managed IT services, 24×7 technical and product support, hardware, product upgrades and quality assurance, market data infrastructure, and mirrored (“hot site”) disaster recovery.

“Our decision to switch from our current system provider was driven by our need for enhanced front-office trading and compliance capabilities, and superior levels of support,” said Matthew Wright, Manager of Operations at CZ Capital.  “Paladyne’s combined technology, data, and hosting services are head and shoulders above the competition, and our experience with the implementation and on-going support has been first-rate and reinforces our decision.”

“We are very happy to have CZ Capital as part of our growing European client base,” said Sameer Shalaby, CEO of Paladyne. “CZ reflects a clear need in Europe for more comprehensive technology and higher service levels, as well as, a trend toward ASP solutions. Paladyne has recently expanded both its London office and European data center facility in response to this increasing demand.”

About Paladyne FastStart™

Paladyne FastStart™ is an easily deployable ASP-delivered solution that combines Paladyne’s front-to-back technology platform, with operational and IT support, and is designed to reduce cost and improve operational efficiency and control.

Media Contacts

Lisa Jane O’Neil
1-212-786-7629 or 917-361-8303
lisajane@ljoassociates.com