Paladyne launches Paladyne Portfolio Master Version 6.0

Paladyne Systems, Inc., a solutions provider to the hedge fund industry, has announced the release of Paladyne Portfolio Master Version 6.0, a multi-asset class trading, real-time P&L, and portfolio management solution designed specifically for global hedge fund managers. Paladyne Portfolio Master combines front-office trading tools and comprehensive middle- and back-office portfolio management functionality, which is available either as a fully hosted solution as part of Paladyne's ASP platform or as a local installation at a client site. Paladyne Portfolio Master has been implemented by ten (10) new clients in North America and Europe in the second quarter of this year.

"Given recent market conditions, our customers are demanding a single solution for trading and portfolio management that is cost-effective and minimizes their need for complex technology infrastructure," said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. "We expect the demands on fund administrators for middle- and back-office support to continue to rise in the US, similar to the European operating model. As a result, we anticipate an increased demand in the US for integrated trading and portfolio management systems."

"This new release of Paladyne Portfolio Master is available as part of our full-service hosted ASP platform which provides a turn-key infrastructure solution for both start-up managers as well as global multi-strategy funds," concluded Mr. Shalaby. "We are constantly enhancing our products to stay ahead of our clients' business requirements with a focus on cost cutting, increased productivity and mitigation of operational risk. We are very encouraged by the industry's immediate positive response to this revolutionary new product release."