Clearwater Capital Partners, a dedicated credit and special situations investment firm, has implemented Paladyne Sytems's front-, middle- and back-office platform as a trading, portfolio management, compliance and operations solution for the global firm.
Clearwater licensed the Paladyne Suite, an integrated set of software components for managing the lifecycle of orders, positions, and reference data, which tightly integrates with Advent's Geneva. Clearwater implemented Paladyne Portfolio Master as their exclusive multi-asset class trade order management and compliance system to support their front-office needs globally.
In addition, Clearwater replaced their existing bank debt application with Paladyne Credit Master to better manage their bank debt strategies and more tightly integrate with Geneva. Clearwater also implemented Paladyne Security Master to centrally manage their securities terms and conditions and corporate actions. Finally, Clearwater achieved a consolidated data warehouse for improved and more flexible reporting.
"From the front- to the back-office, we were able to leverage the Paladyne Suite of products to create efficiencies and scale within our organization that will allow us to continue to grow. We now have a global platform that integrates and communicates across systems, creating consistency in real-time data and information with streamlined workflows between our trading, operational and compliance teams across six geographies," says Yao-Chye Chiang, CCO, Clearwater.
He continues, "Paladyne's global presence, particularly in Asia, which can support all our offices and operations, as well as Paladyne's preferred partnership with Advent's Geneva, was a vital part of our decision process."
"We are extremely pleased to have worked with Clearwater to realize their vision of bringing their global trading and operations onto one platform," says Sameer Shalaby, President, Paladyne.
Shalaby adds, "Clearwater's selection of the Paladyne offering is confirmation of our ability to meet the needs of large investment firms with diverse strategies seeking a robust technology platform that fully integrates across all systems and products," adds Shalaby.
Clearwater has approximately $2 billion of assets under management and employs 70 professionals across six offices located in Hong Kong, Singapore, Mumbai, Seoul, Beijing and New York.