Boyer Allan Investment Management, a specialist manager of Asian equity absolute return funds, has selected Paladyne Sytem’s Paladyne Suite.
Boyer Allan, which was established in 1998 and has offices in Hong Kong and London, required a solution that addressed the growing complexity of their business. The firm currently manages eight funds focused on Asia Pacific for institutional clients requiring support from multiple prime brokers, four fund administrators and a connection with multiple trade end execution systems including Omgeo, Bloomberg Port and Tora.
Guy Commaille (pictured), COO of Boyer Allan, says: “We have high demands on our systems and Paladyne offered Boyer Allan a full front-to-back office investment management platform that far surpassed, in functionality and flexibility, any other solution in the marketplace. Working with the very experienced and knowledgeable client services team in Hong Kong, we were able to rapidly implement the Paladyne Suite and replace our existing technology vendor. We have many systems and partners that we needed to integrate with and the Paladyne team provided a rapid and seamless transition. We have been able to automate many tasks, and the flexibility of the system allowed us to instantly implement data/analysis for our portfolios in real-time. We now have performance attribution models which offer greater insight into actual performance than before.”
Sameer Shalaby, President of Paladyne Systems, adds: “We are pleased to work with Boyer Allan to deliver a solution that meets their needs as a well-established and sophisticated large asset management firm. Hedge funds in the Asia-Pacific region are seeking solutions that can deal with the complexities of their front-office and trading desks, as well as reach across the middle- and back-office, combining comprehensive data aggregation, reporting and reconciliation tools for the client.”
Boyer Allan licensed the Paladyne Suite, including Paladyne Portfolio Master and Paladyne Analytics Master, an integrated set of software components for managing the lifecycle of orders, positions, and reference data. Paladyne’s solution provides industry-leading functionality for real-time profit and loss calculation, compliance monitoring, model-based valuation, equity short-availability sourcing, firm wide reporting, automated counterparty communication, and position maintenance event processing.
In addition to the general suite, Paladyne was able to offer Boyer Allan performance models, including industry standard time-weighted return and other performance statistics. The Paladyne client services team also set up automated procedures to help with the fund administration NAV reconciliation and is currently working with Boyer Allan to further streamline this process.
