London-based AVI runs a range of nine funds and managed accounts with assets under management of £1.3 billion ($2.1 billion). The firm implemented the Paladyne Suite, including integration with OMGEO CTM and FXALL, to meet its bespoke reporting and compliance requirements. AVI implemented Paladyne Portfolio Master for trading, pre-/post-trade compliance portfolio management and NAV generation, and Paladyne Analytics Master for data aggregation, warehousing, reporting and reconciliation, all fully hosted in Paladyne's SSAE 16-certified ASP platform. In addition, Paladyne built a customized FX calculation solution for AVI.

In the first phase of the implementation, AVI was able to take in-house 8 years of data from all its fund vehicles, which had been previously outsourced to a third party, to facilitate customized reporting to investors and take greater ownership of their operations and portfolios. Paladyne Compliance Manager allowed the firm to systematically run reports and demonstrate to investors the greater controls around portfolio construction, and within the post-trade environment. Paladyne Analytics Master also allows AVI to provide very granular level reporting that can be tailored to specific investor requirements.

"Given our range of fund vehicles and investors, we needed to tailor information quite specifically for different communication channels. We felt if we owned that data and the systems, we could be far quicker in responding to changes both within the industry and within our own investor universe. With Paladyne, we can respond and adapt much more quickly than if we had to influence a third party provider that might not have the same priorities as AVI," said Kimmberly Lau, Company Director, AVI.

"We short-listed several vendors in this process, but Paladyne offered the key benefit to a one-stop shop for front- to back-office processing that will adapt itself to our short- and long-term needs. With this combination, Paladyne came out on top. Going forward, we are keen to utilize Paladyne to its fullest in order to make the trading lifecycle as efficient as possible, as well as maximize other functionality such as compliance, trade reporting, and system reconciliations. With Paladyne, our goal is to make AVI a truly robust, best-of-breed player and demonstrate to our investors the benefits of the transition we have undertaken. We were also very pleased with the responsiveness of the Paladyne team on all issues," said Jake Crowhurst, Head of Operations, AVI.

"As Paladyne builds out its offering to long-only asset managers, we are pleased to partner with AVI to complete their platform. The fundamental operational risks faced by hedge fund and long-only managers are the same across the board and the trade lifecycle. With AVI, Paladyne demonstrates an effective solution to meet the challenges facing the industry, and which works across all strategies, products and asset classes being utilized by today's investment managers," said Sameer Shalaby, President, Paladyne Systems.