Asset Value Investors In-Sources with Paladyne Suite

Thu Jan 24, 2013 3:00am EST

* Reuters is not responsible for the content in this press release.

-- Gains Greater Transparency, Improved Reporting to Investors and Controls on Portfolio

LAKE SUCCESS, New York, Jan. 24, 2013 /PRNewswire/ -- Paladyne Systems®,
[] Inc., a Broadridge Financial Solutions
[],  company (NYSE : BR) and leading provider of next generation
investment management solutions
[], today
announced that long-only traditional asset management firm Asset Value Investors (AVI)
has selected and implemented Paladyne to bring greater ownership and control to its
internal operations. 


London-based AVI [] runs a range of nine
funds and managed accounts with assets under management of £1.3 billion ($2.1 billion).
The firm implemented the Paladyne Suite, [] including
integration with OMGEO CTM and FXALL, to meet its bespoke reporting and compliance
requirements. AVI implemented Paladyne Portfolio Master for trading, pre-/post-trade
compliance portfolio management and NAV generation, and Paladyne Analytics Master for
data aggregation, warehousing, reporting and reconciliation, all fully hosted in
Paladyne's SSAE 16-certified ASP platform. In addition, Paladyne built a customized FX
calculation solution for AVI.

In the first phase of the implementation, AVI was able to take in-house 8 years of data
from all its fund vehicles, which had been previously outsourced to a third party, to
facilitate customized reporting to investors and take greater ownership of their
operations and portfolios. Paladyne Compliance Manager allowed the firm to
systematically run reports and demonstrate to investors the greater controls around
portfolio construction, and within the post-trade environment. Paladyne Analytics Master
also allows AVI to provide very granular level reporting that can be tailored to
specific investor requirements. 

"Given our range of fund vehicles and investors, we needed to tailor information quite
specifically for different communication channels. We felt if we owned that data and the
systems, we could be far quicker in responding to changes both within the industry and
within our own investor universe. With Paladyne, we can respond and adapt much more
quickly than if we had to influence a third party provider that might not have the same
priorities as AVI," said Kimmberly Lau, Company Director, AVI. 

"We short-listed several vendors in this process, but Paladyne offered the key benefit
to a one-stop shop for front- to back-office processing that will adapt itself to our
short- and long-term needs. With this combination, Paladyne came out on top. Going
forward, we are keen to utilize Paladyne to its fullest in order to make the trading
lifecycle as efficient as possible, as well as maximize other functionality such as
compliance, trade reporting, and system reconciliations. With Paladyne, our goal is to
make AVI a truly robust, best-of-breed player and demonstrate to our investors the
benefits of the transition we have undertaken. We were also very pleased with the
responsiveness of the Paladyne team on all issues," said Jake Crowhurst, Head of
Operations, AVI.

"As Paladyne builds out its offering to long-only asset managers, we are pleased to
partner with AVI to complete their platform. The fundamental operational risks faced by
hedge fund and long-only managers are the same across the board and the trade lifecycle.
With AVI, Paladyne demonstrates an effective solution to meet the challenges facing the
industry, and which works across all strategies, products and asset classes being
utilized by today's investment managers," said Sameer Shalaby, President, Paladyne

About Paladyne Systems 

Paladyne Systems, a Broadridge Company (NYSE : BR), is the leading provider of next
generation investment management solutions. Paladyne offers its integrated front-,
middle- and back-office platform, known as the Paladyne Suite, to hedge funds, asset
managers, fund administrators and prime brokers. The modular Paladyne Suite includes
order management, portfolio management, reference data management, data warehouse and
custom reporting and reconciliation, and is complemented by the Paladyne Network, an
integrated network of leading 3rd-party software and market data firms. The solution can
be delivered onsite or via Paladyne's industry-leading application service provider
solution, - SSAE 16-certified Paladyne ASP. Paladyne was established in 2005 and
acquired by Broadridge in 2011 and now serves over 225 clients worldwide. The firm has
approximately 180 employees and is headquartered in New York, with regional offices in
New Jersey, London, Russia and Hong Kong. 

For more information, please visit [].

About Broadridge

Broadridge is a technology Services Company focused on global capital markets. 
Broadridge is the market leader enabling secure and accurate processing of information
for communications and securities transactions among issuers, investors and financial
intermediaries.  Broadridge builds the infrastructure that underpins proxy services for
over 90% of public companies and mutual funds in North America; processes more than $4.5
trillion in fixed income and equity trades per day; and saves companies billions
annually through its technology solutions. 

For more information about Broadridge, please visit

About Asset Value Investors 

Asset Value Investors was established in 1985 to manage the assets of British Empire
Securities & General Trust plc (British Empire), then a £6 million London listed
investment company. A group of UK institutional and private US investors supported a 4
for 1 rights offering to enlarge British Empire to £30 million. British Empire is now
capitalised at over £745 million.

AVI's other clients include CF Asset Value Investors Global Fund - a UK Open ended
Investment company and AVI Value Fund - a US limited liability corporation; and funds
managed for leading US endowments and foundations.

Funds under management total £1.3 billion ($2.1 billion)

Paladyne Media Contact:
Lisa Jane O'Neil

Broadridge Media Contact:
Kelly M. Howard

Photo:  PRN Photo Desk, photodesk@prnewswire.comPaladyne Systems, a Broadridge Company

Web site:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.