NEW YORK, NY, December 6, 2005 — Paladyne Systems, a leading provider of alternative investment solutions and Dundee Leeds, a global provider of fund administration services, today announced that the two companies are working in partnership to implement a new administration technology platform to service today’s most complex hedge funds. Dundee Leeds and Paladyne will be bringing several hedge funds onto the PALADYNE Suite at the end of this year, providing them with the industry’s first fully hosted front-to-back office administration solution.
“The PALADYNE suite is an integrated set of applications capable of servicing today’s most complex hedge funds,” said Robin Bedford, President of Dundee Leeds. Bedford added, “As managers continue to innovate in order to generate high and consistent returns, they need an administrator who can not only meet their current operational needs, but predict and prepare for their future requirements. The Paladyne relationship provides us with a comprehensive technology platform that is constantly being enhanced to meet the changing demands of the marketplace and our clients.”
“It has been of great benefit to us to work with an established administrator such as Dundee Leeds to implement a solution that surpasses anything else available in the hedge fund administration market,” said Sameer Shalaby, CEO of Paladyne Systems. “We are excited to partner with Dundee Leeds, and believe that our hosted PALADYNE suite provides Dundee Leeds with a significant advantage over its competitors.”
The PALADYNE suite is an integrated set of applications and is comprised of the following modules:
- Paladyne Portfolio Master™ — provides 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 analysis of prices and market data from any third-party sources.
- Paladyne Client Master™ — provides complete client relationship management including website integration and reporting.
- Advent’s Geneva® — complete portfolio accounting solution including general ledger reporting, performance measurement, and portfolio reporting.
About Dundee Leeds
Dundee Leeds is a global provider of fund administration services for the alternative investment industry. With a presence in Bermuda, New York, Cayman, BVI and Montreal, Dundee Leeds services both onshore and offshore funds. Dundee Leeds was acquired in 1998 by Toronto-based investment bank Dundee Corporation. Employing more than 600 people in ten countries, the Corporation includes Dundee Wealth Management, managing and administering some $41 billion in assets, Dundee Realty Management Corporation, and Dundee Resources Ltd, which has holdings in various resource companies. For more information visit Dundee Leeds website at www.dundeeleeds.com or call (441) 295 8617.
