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Paladyne Systems Partners with RiskMetrics Group to Provide Risk Reports to Hedge Funds


Date: Friday, October 30, 2009
Author: Business Wire

Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund industry, today announced a strategic partnership with RiskMetrics Group, a leading provider of risk management and corporate governance services to the global financial community, to provide intra-day, daily and monthly risk reports to hedge funds and service providers.

Paladyne has tightly integrated RiskMetrics’ RiskManager™, the industry standard tool for analyzing, measuring and monitoring risk, with Paladyne Analytics Master®, a data aggregation warehouse, custom reporting, and reconciliation tool. Both firms’ clients now have a two-way connection enabling them to seamlessly communicate position data to RiskManager and receive back a full-set of risk analysis reports within Paladyne Analytics Master.

Additionally, hedge funds that use Paladyne Analytics Master as a firm-wide custom reporting solution not only have access to RiskMetrics’ risk analytics and investor reporting platform, but also accounting, position, P&L, and investor information. The partnership will enable RiskMetrics’ to easily provide its hedge fund clients’ access to Paladyne Analytics Master.

“Our hedge fund clients now have the ability to effectively manage their investment risk on a timely basis using RiskMetrics’ analytics combined with Paladyne,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “This partnership adds a critical risk component to our integrated front-to-back office product suite and adds significant operational value to our clients.”

“Many of our hedge fund clients are collaborating with us to further develop market standards in independent risk management, transparency, and investor communication to ensure their solutions are optimized for robust position modeling with minimal operational overhead,” said Brian Schmid, Head of RiskMetrics’ Alternative Investments Business. “This strategic partnership will deliver on both fronts to mutual clients.”

About Paladyne Systems

Paladyne Systems, Inc. (www.paladyne.com), a leading provider of technology and services to the global hedge fund industry, develops and distributes products designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform known as the Paladyne® suite, which is capable of supporting the front-to-back office requirements of today’s most comprehensive hedge funds. The Paladyne® suite is an integrated set of applications including: trading and order management, portfolio management, portfolio accounting, global security master, data warehousing and custom reporting, pricing and valuation, and automated reconciliation. Paladyne was formed through an acquisition of its technology platform from a large U.S.-based multi-strategy hedge fund.

About RiskMetrics Group

RiskMetrics Group is a leading provider of risk management and corporate governance products and services to participants in the global financial markets. By bringing transparency, expertise and access to the financial markets, RiskMetrics Group helps investors better understand and manage the risks associated with their financial holdings. Our solutions address a broad spectrum of risk across our clients' financial assets. Headquartered in New York with 20 global offices, RiskMetrics Group services some of the most prestigious institutions and corporations worldwide. For more information, please visit www.riskmetrics.com.