Long-only traditional asset management firm Asset Value Investors (AVI) has implemented a platform from Paladyne Systems for greater control over its internal operations.
The firm implemented the Paladyne Suite, including integration with Omgeo CTM and FXALL, for its reporting and compliance requirements.
It will use Paladyne Portfolio Master for trading, pre- and post-trade compliance portfolio management and NAV generation and Paladyne Analytics Master for data aggregation, warehousing, reporting and reconciliation. Paladyne also built a customized FX calculation solution for AVI.
AVI, based in London, runs nine funds and managed accounts with assets under management of 1.3 billion.
Given our range of fund vehicles and investors, we needed to tailor information quite specifically for different communication channels, says Kimmberly Lau, company director of AVI. We felt if we owned that data and the systems, we could be far quicker in responding to changes both within the industry and within our own investor universe. With Paladyne, we can respond and adapt much more quickly than if we had to influence a third party provider that might not have the same priorities as AVI.
Sameer Shalaby, president of Paladyne Systems, adds: As Paladyne builds out its offering to long-only asset managers, we are pleased to partner with AVI to complete their platform. The fundamental operational risks faced by hedge fund and long-only managers are the same across the board and the trade lifecycle. With AVI, Paladyne demonstrates an effective solution to meet the challenges facing the industry, and which works across all strategies, products and asset classes being utilized by todays investment managers.
(CG)