By pcurley on December 19, 2009
New York, London, and Hong Kong December 16, 2009 – Paladyne Systems, a leading solutions provider to the global hedge fund industry, today announced that Cyrus Capital Partners, L.P., a New York-based alternative investment management firm, has successfully implemented Paladyne Credit Master®, an integrated bank loan trading and loan administration platform. Paladyne Credit Master® is a comprehensive solution for managing the entire lifecycle of bank debt trading and operations and is available either as a fully hosted, Application Service Provider (“ASP”) solution or as a local installation.
“Our decision to implement Paladyne Credit Master® was based on the system’s ability to support our entire bank debt portfolio and its pre-existing integration with our portfolio accounting system, SunGard VPM™,” said David Milich, Partner and Chief Operating Officer at Cyrus Capital. “In addition, we were able to leverage Paladyne’s hosted platform, which significantly reduced our implementation timeframe and cost.”
Paladyne Credit Master® supports the front- and back-office needs of firms trading bank debt including portfolio analysis, trade capture and allocation, settlement and closing, pricing and P&L, compliance and portfolio reporting. Paladyne Credit Master® is integrated with Paladyne’s suite of product for a complete multi-asset class solution as well as with both SunGard VPM™ and Advent’s Geneva®, including facility and contract details, transactions, daily accruals, pricing, and detailed accounting entries.
“We see increasing demand for trading bank debt and we are excited to bring Cyrus Capital on board as a successful new client,” said Sameer Shalaby, CEO of Paladyne Systems. “Our ability to satisfy Cyrus Capital’s demanding requirements is a testament of the power and flexibility of Paladyne Credit Master®.”
Posted in Press Releases
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 reporting and reconciliation and is complemented by the Paladyne Network™, which comprises a select group of preferred strategic partnerships with leading 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 180 clients worldwide. The firm has approximately 165 employees, and is headquartered in New York, with regional offices in New Jersey, London, Russia and Hong Kong.
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 Credit Master™ — provides loan processing and administration to fully support loan trading, analysis, reporting, and management.
- 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.
About Broadridge
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 www.broadridge.com.
