Concept Capital will use PALADYNEâs front- and middle-office software in conjunction with their existing portfolio accounting system, Advent GenevaÂ®, resulting in a fully-integrated front- to back-office solution and a significantly expanded client service offering.
Concept Capital is implementing the PALADYNE suite as a local installation, and will directly host PALADYNE for external use by clients. Specifically, Concept Capital will offer their clients direct access to Paladyneâs front- and middle-office tools including order management, real-time P&L and portfolio management, data warehousing, custom reporting, and performance analysis, on a fully-hosted ASP (Application Service Provider) basis. The seamless integration of the PALADYNE suite with Concept Capitalâs existing back-office accounting and risk infrastructure will streamline operations, improve the accuracy and timeliness of data and reporting, and significantly increase the scope and scalability of client services.
âIn order to realize our vision of streamlined front- middle- and back-office full-service hedge fund services provider, we needed to complement our Advent GenevaÂ® software with PALADYNEâs integrated suite of products,â said Mike Rosen, Managing Director of Concept Capital. âWe 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.â
âOur 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,â said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. âOur comprehensive product suite scales to the needs of both start-ups and multi-strategy, global hedge funds, allowing managerâs of all sizes to increase operational efficiencies, improve firm-wide reporting, and minimize operational risk ,â said Mr. Shalaby.