By pcurley on March 21, 2011
New York, London, and Hong Kong, March 22, 2011 – Paladyne Systems, Inc., the leading provider of next generation investment management solutions, today announced that Paladyne FastStart™, an all-in-one solution for small and growing hedge funds that was launched in late 2010, is experiencing record growth in the Asia-Pacific region. Paladyne also outlined plans to expand its Hong Kong presence to meet this strong demand.
Since Paladyne FastStart™ was introduced in Asia-Pacific 15 clients have signed-up for this unique bundled offering. Firms implemented include Paridon Asia, Instinct Capital, and Gen2 Partners.
“After our due diligence process we found Paladyne FastStart™ to be the solution for us that was capable of handling the complexity of our strategies, as well as the growth we anticipate in the coming months,“ explained Robert van Paridon, CEO of Paridon Asia, a Singapore-based Asian macro hedge fund.
“We are delighted that Paladyne FastStart™ has resonated so profoundly as an industry standard solution for fund managers in the Asia-Pacific region,” said Sameer Shalaby, CEO of Paladyne. “We have recently hired five new employees and have plans to continue our aggressive expansion with the addition of a further ten employees to our Hong Kong office in 2011,” he said.
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
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.
