Paladyne unveils new technology offering for new and growing hedge funds
Technology provider Paladyne Systems has unveiled a bundled offering to help start-up and growing hedge funds address their operational and budgetary requirements.
Paladyne FastStart offers hedge funds a variety of back, middle and front office solutions.
These services include multi-asset class trading and order management, pre- and post-trade compliance tracking and reporting, real time profit and loss, intra-day risk analysis, net asset value reporting and daily portfolio accounting, daily reconciliation and ‘shadow reporting’ with fund administrators and automated counterparty communication and daily reconciliation with Paladyne Tradelink.
“We have seen a huge increase in global start up activity as well as a large number of fund closures due to cost pressures and inability to raise capital,” said Sameer Shalaby, chief executive officer of Paladyne Systems.
As a result of these trends, Shalaby added Paladyne Systems’ bundled technology offering would provide a low cost and easily deployable solution that meets the complex due diligence requirements of institutional investors.