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

Meanwhile, a tough business environment means trimming fund expenses to remain competitive and attract investors.

Not for the first time, technology is providing a way out. More than ever managers are looking to their fund administrators for institutional-grade platforms to meet exacting and sophisticated investor due diligence and solve the cost conundrum through outsourcing. In response, fund administrators have invested significantly in technology over the past few years and now compete with each other to offer client facing tools to the fund manager.

Paladyne has responded with a distinct solution to lead the industry – a bold integrated solution combining front- and middle-office technology in a seamless interface between administrator and manager. It spans trading and portfolio management, order management, compliance, real-time profit and loss and risk reporting, shadow accounting and daily and automated reconciliation.

Fund managers get best-in-class technology on their desktop and a route to cost effective outsourcing. An integrated order management, portfolio management and risk reporting solution means one channel to technology and middle office services, including real-time visibility of holdings, liquidity and risk management. This meshes with the managers’ existing technology at one end and the fund administrator at the other, opening up additional outsourcing options for further cost savings.

Investors get the reassurance of a third party providing independent accounting on a daily basis, rather than just at month-end. Real-time reporting of profit and loss and risk means a materially enhanced level of transparency and responsiveness. The result is a smooth ride for managers through investors now-routine on-site visits to observe month-end processing, test trade oversight and cash movement, and measure the robustness of liquidity to extreme market events. And with greater visibility into compliance, investors get a clear look-through at the manager’s adherence to investment management mandates, risk requirements and the slew of new European and US regulations.

Automatic reconciliation spurs the drive to get rid of manual input from the more exotic trades without straining existing IT infrastructure. The pain is removed from tasks – from derivatives setup to trade and position reconciliation – letting managers take on larger allocations without extra work. New mandates requiring more complex trades and instruments can be seamlessly sewn in, with no operational disruption and the same high level of client transparency.

Paladyne’s solution is a crucial resource in the fund managers’ current quest to deliver more to investors and regulators on a tighter budget. By combining front- middle- and back-office into a single package, it leads its peers in providing a cost efficient solution to the pressing need for independent books and records and accounting.

 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