Paladyne Systems, Inc., a provider for the hedge fund industry has been designated by Advent Software as one of its Authorized Hosting Providers and named to its Premier Consulting Partner program for Geneva, Advents comprehensive portfolio management and fund accounting package.
The Authorized Hosting Provider and Premier Consulting Partner designations allow Paladyne to provide both hardware hosting and implementation services to Geneva clients as part of Paladynes global application service provider (ASP) application, which also includes IT support and disaster recovery services.
Geneva is licensed directly from Advent, and Geneva clients who prefer a hosted Geneva environment may leverage Paladynes comprehensive ASP tool. Small to medium-sized hedge funds that might otherwise lack the technology resources to implement Geneva in-house now have the opportunity to significantly upgrade their technology infrastructure through the licensing of Geneva from Advent and the use of Paladynes ASP application; particularly hedge funds that previously relied on single prime broker technology and are now working with multiple prime brokers and custodians.
Hedge funds and service providers may not only leverage Geneva through Paladynes ASP software, but may also license Paladynes integrated front-, middle- and back-office product suite including Paladyne’s multi-asset class order management system and real-time P&L monitor, custom reporting and data warehousing tool, global security master repository for terms and conditions and corporate action processing, a pricing and valuation toolset, and direct feeds.
These integrated tools allow Paladyne clients to seamlessly integrate with the market data providers.
Advent continues to work to meet our clients requirements for increased operational efficiency, and offering our Geneva clients an opportunity to leverage Paladynes hosted ASP solution as an available option will allow us to continue to do so, says Chris Momsen, senior vice president and co-head of Global Accounts, Advent.
With Paladynes ASP model, Geneva is available as a turn-key solution with complete implementation and technical support services, which is a significant value proposition for todays fund managers.
Todays investors are demanding comprehensive infrastructure and operational control, and by leveraging the power of Geneva together with Paladynes ASP offering, managers can significantly upgrade their infrastructure while lowering their operating costs, says Sameer Shalaby, CEO, Paladyne Systems.
The combination of Geneva and Paladynes products with managed hosting and IT services, application support, market data, and robust disaster recovery, at a fraction of the cost of an in-house solution, is a compelling offering for the hedge fund industry.
L.D.