PEAK6 picks Paladyne FastStart
28 November 2012 New York
Image: Shutterstock
Investment advisory firm PEAK6 Advisors has selected Paladyne FastStart to support the launch of its multi-asset class hedge fund.
The new fund will be led by Joseph Scoby, who is CEO of PEAK6 Advisors and chief investment officer of the fund.
Paladyne FastStart, which will be a part of the fund鈥檚 institutional grade investment management platform, combines Paladyne鈥檚 technology platform with a selection of operational, market data and IT support services.
PEAK6 Advisors has also implemented Paladyne鈥檚 Security Master to manage the fund鈥檚 securities terms and conditions, corporate actions and market reference data.
Scoby said: 鈥淧icking the right technology partner has enabled our firm to launch with a comprehensive and cost-effective trading and portfolio management system that meets our multi-asset requirements and easily integrates with our proprietary investment and risk management platform.鈥�
鈥淎fter an extensive evaluation of the various vendors in the industry, we selected Paladyne based on their comprehensive multi-asset class support, open architecture and customer-focused service model.鈥�
Sameer Shalaby, president of Paladyne Systems, said: 鈥淲e are pleased to welcome PEAK6 Advisors as a client and to meet their requirements for a flexible, multi-asset solution that integrated seamlessly with their proprietary technology.鈥�
鈥淏y implementing Paladyne FastStart, new fund managers are able to significantly reduce cost, introduce immediate operational efficiency and control, minimise risk, and address the due diligence requirements of institutional investors.鈥�
The new fund will be led by Joseph Scoby, who is CEO of PEAK6 Advisors and chief investment officer of the fund.
Paladyne FastStart, which will be a part of the fund鈥檚 institutional grade investment management platform, combines Paladyne鈥檚 technology platform with a selection of operational, market data and IT support services.
PEAK6 Advisors has also implemented Paladyne鈥檚 Security Master to manage the fund鈥檚 securities terms and conditions, corporate actions and market reference data.
Scoby said: 鈥淧icking the right technology partner has enabled our firm to launch with a comprehensive and cost-effective trading and portfolio management system that meets our multi-asset requirements and easily integrates with our proprietary investment and risk management platform.鈥�
鈥淎fter an extensive evaluation of the various vendors in the industry, we selected Paladyne based on their comprehensive multi-asset class support, open architecture and customer-focused service model.鈥�
Sameer Shalaby, president of Paladyne Systems, said: 鈥淲e are pleased to welcome PEAK6 Advisors as a client and to meet their requirements for a flexible, multi-asset solution that integrated seamlessly with their proprietary technology.鈥�
鈥淏y implementing Paladyne FastStart, new fund managers are able to significantly reduce cost, introduce immediate operational efficiency and control, minimise risk, and address the due diligence requirements of institutional investors.鈥�
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