Hedge Fund solutions by Credit Suisse and Paladyne Systems

WEST PALM BEACH, FL (HEDGECO.NET) – Paladyne Systems LLC, a solutions provider for the hedge fund industry, announced a strategic alliance with Credit Suisse to deliver a partnership that allows Credit Suisse clients to access both the Paladyne technology platform and existing Credit Suisse infrastructure. In addition, the Paladyne alliance positions Credit Suisse to respond to the growing demand for outsourced middle and back office services to hedge funds.

Paladyne develops and distributes technology designed to streamline hedge fund operations. The Paladyne suite is an integrated set of applications for hedge funds, including: order management, portfolio management, portfolio accounting, global security master, analytics toolset, comprehensive portfolio pricing, custom reporting, and customer relationship management. Paladyne was formed through an acquisition of its technology platform from a large US-based multi-strategy hedge fund.

As one of the world’s leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services and is active in over 50 countries and employs approximately 40,000 people. Credit Suisse’s parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group’s registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York.

Credit Suisse and Paladyne will offer hedge funds an integrated, multi-prime solution enabling managers to operate and grow their businesses based on evolving needs without the constraint of a “single-prime” technology platform that restricts funds to one prime broker.