Farema Capital, a London-based hedge fund manager, has deployed Portfolio Master as its fully-hosted front-to-back-office solution from Paladyne Systems.
Paladyne Portfolio Master offers a combination of order management and portfolio management functionality, and may either be installed on-site or delivered via its hosting platform, Paladyne ASP.
Farema Capital will use Paladyne Portfolio Master for pre-/post-trade compliance, real-time P&L and exposure monitoring, portfolio management, NAV reporting, and automated reconciliation to its fund administrator and multiple prime brokers.
Paladyne has claimed that its ASP platform provides Farema Capital with a fully managed IT service, 24×7 technical and product support, hardware, product upgrades and quality assurance, and mirrored (hot site) disaster recovery.
Emanuele Antonaci, founding partner of Farema Capital, said: “Paladyne Portfolio Master offers us one flexible solution that now forms the entire backbone of our firm – everything from trade capture to real-time P&L to NAV generation. As our firm continues to expand the Paladyne relationship offers us multiple options for future functionality.”
Sameer Shalaby, CEO of Paladyne Systems, said: “Our successful partnership with Farema Capital provides additional proof that Paladyne Portfolio Master is a compelling front-to-back-office solution for hedge funds.”