SOURCE: Paladyne Systems

Paladyne Systems

June 21, 2010 08:00 ET

Riley Paterson Investment Management Implements Paladyne Portfolio Master™

A Unique Combined Order Management and Portfolio Management System

NEW YORK, NY and LONDON and HONG KONG--(Marketwire - June 21, 2010) -  Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund industry, today announced that Riley Paterson Investment Management, a Singapore-based hedge fund manager with $340 million of assets under management, has implemented Paladyne Portfolio Master™ as its fully-hosted front-to-back-office solution.

Paladyne Portfolio Master™ offers a unique combination of order management and portfolio management functionality, and may either be installed on-site or delivered via Paladyne's industry-leading hosting platform, Paladyne ASP™. Riley Paterson utilizes Paladyne Portfolio Master™ for order management, compliance, real-time profit and loss monitoring, portfolio management, NAV reporting, and automated reconciliation to its prime brokers. Additionally, Paladyne Portfolio Master™ includes out-of-the-box integration with Riley Paterson's direct execution brokers and their preferred execution management system, Bloomberg EMSX. Paladyne's ASP platform provides Riley Paterson with a fully managed IT service, 24x6 technical and product support, hardware, product upgrades and quality assurance, and mirrored ("hot site") disaster recovery. 

"This single relationship with Paladyne provides us with one cost-effective solution that covers our needs from trade capture to reconciliation and reporting, and eliminates the need to have a separate OMS and PMS system, as well as, the necessary IT support for integration and management," said Andrea Sorani, COO of Riley Paterson. "The unique product functionality, together with the Paladyne ASP delivery model and the outstanding quality of Paladyne's support, has made us very satisfied with our partnership with Paladyne."

"We are delighted to add Riley Paterson to our fast growing client base in the Asia-Pacific region," said Sameer Shalaby, CEO of Paladyne Systems. "Riley Paterson represents continued proof that our combined order management and portfolio management solution delivered as a full-service ASP solution is ideal for this marketplace."

About Paladyne Systems, Inc.
Paladyne Systems, Inc. (www.paladyne.com), a leading provider of technology and services to the global hedge fund industry, develops and distributes products designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform known as the PALADYNE® suite which is capable of supporting the front- to back-office requirements of today's most comprehensive hedge funds. The PALADYNE® suite is an integrated set of applications including: trading and order management, portfolio management, portfolio accounting, global security master, data warehousing and custom reporting, pricing and valuation, and automated reconciliation. Paladyne was formed through an acquisition of its technology platform from a large US-based multi-strategy hedge fund.

The PALADYNE suite includes the following modules:

  • Paladyne Portfolio Master™ -- provides electronic trading, order management, compliance, 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.

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