Paladyne Systems, who teamed with Credit Suisse last year to provide hedge funds with an integrated, multi-prime broker system, has licensed its Paladyne product suite to Concept Capital, the Prime Brokerage division of Sanders Morris Harris Inc.
“In order to realize our vision of streamlined front- middle- and back-office full-service hedge fund services provider, we needed to complement our Advent Geneva software with Paladyne’s integrated suite of products,” says Mike Rosen, Managing Director of Concept Capital.
“We believe that our service offering is truly unique, and with the Paladyne infrastructure, we are now capable of servicing hedge funds of any size and complexity.”
“Our partnership with Concept Capital is another step forward in our vision to provide powerful technology solutions to the underserved small- and medium-size hedge funds,” says Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “Our comprehensive product suite scales to the needs of both start-ups and multi-strategy, global hedge funds, allowing manager’s of all sizes to increase operational efficiencies, improve firm-wide reporting, and minimize operational risk.”