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Hedge fund Golden Tree Asset Management Expands With Paladyne Data Management Warehouse

Paladyne Systems, Inc., a Broadridge Financial Solutions, company and leading provider of next generation investment management solutions, today announced that it has expanded its partnership with long-term client GoldenTree Asset Management, with the firm implementing new products as its data warehouse solution throughout the organization.

US-based GoldenTree Asset Management has $17.9 billion AUM and is one of the largest independent asset managers focused on credit, managing a variety of absolute return and long-only strategies. GoldenTree was the first hedge fund to implement Paladyne Analytics Master in 2006 as part of its continued commitment to providing industry-leading reporting and transparency to their investors. During this time, the concept of “Snap-Shot” portfolio data was conceived and has since become an industry standard. The firm has now implemented Paladyne Analytics Master 8.0, which was released last year, as a locally installed data warehouse solution and real-time conduit to SunGard VPM, as well as many other of its proprietary and vendor applications. The firm smoothly integrated 12 years of data onto the Paladyne platform and is functional across all of their global funds, strategies and multi-asset classes.

“We are extremely pleased to expand our partnership with Paladyne, and provide additional value to our business and clients. We were able to implement a robust data warehouse management solution with which we have rapidly introduced new functionality and reporting, at less expense than what other vendors said would take years to actually build. Our respective teams worked together to create a business vision and a world class solution to solve a fairly simple, yet complex business reporting requirement,” said Bill Christian, Chief Operating Officer, GoldenTree Asset Management.

“Paladyne Analytics Master 8.0 has provided GoldenTree with the underlying foundation to build proprietary data aggregation and reporting tools, representing a major improvement in our data management and archiving. Centralizing the data in Paladyne’s platform has allowed our firm to provide more flexible, dynamic reporting and increased data and reporting consistency across the board. Ultimately it allows us to be far more efficient, effective, and consistent across our clients’ reporting and our in-house analysis and decision making capability while also reducing manually intensive processes. We’ve since been seeing firm-wide operating efficiencies across all departments,” said Steven Lamm, Head of Application Support and Data Management, GoldenTree Asset Management.

“Asset managers today face the challenge of managing and accessing real-time and historical data in a ‘Golden Copy’ solution that can integrate with their other systems and is cost effective and easy to implement. We are delighted to have provided GoldenTree with our Paladyne Analytics Master solution for their data warehouse and to continue to grow with one of our foundation clients,” said Sameer Shalaby, President, Paladyne Systems. “We designed Paladyne Analytics Master to seamlessly integrate with other vendor products to aggregate firm-wide data including portfolio accounting, risk management, reference data, pricing and other critical data sets to meet data warehousing, management, regulatory reporting needs, analysis and decision making.”

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