GoldenTree Asset Management has expanded its relationship with Paladyne Systems to include new products as its data warehouse solution.
GoldenTree, which has $17.9 billion in assets under management, was the first hedge fund to implement Paladyne Analytics Master in 2006. Now it has implemented the latest version of solution, which includes a locally installed data warehouse solution and real-time conduit to SunGard VPM and other proprietary and vendor applications.
GoldenTree has migrated 12 years of data onto the Paladyne platform across all of its global funds, strategies and multi-asset classes.
"We were able to implement a robust data warehouse management solution with which we have rapidly introduced new functionality and reporting, at less expense than what other vendors said would take years to actually build," says Bill Christian, COO of GoldenTree Asset Management. "Our respective teams worked together to create a business vision and a world class solution to solve a fairly simple, yet complex business reporting requirement."
Sameer Shalaby, president of Paladyne Systems, adds: "Asset managers today face the challenge of managing and accessing real-time and historical data in a 'Golden Copy' solution that can integrate with their other systems and is cost effective and easy to implement. We are delighted to have provided GoldenTree with our Paladyne Analytics Master solution for their data warehouse and to continue to grow with one of our foundation clients."