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Due to a combination of pressure to deliver greater returns and a prolonged period of low rates, the investment world is experiencing a major shift requiring asset managers to rethink their strategies.

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September 1, 2011

Hedge Funds Get Fast Start

By John D'Antona Jr.

Direct Access, an institutional firm that offers multi-asset trading and prime brokerage, now offers clients Paladyne Systems' FastStart, a broker-neutral platform for hedge funds covering electronic trading, order management, pre- and post-trade compliance and automated reconciliation with counterparties.

The combined offering provides emerging to medium-size fund managers with a cost-effective institutional-grade technology solution that streamlines their trading and operations.

Infrastructure and technology have become a bigger part of what investors are looking for in hedge funds, said Richard Fremont, director of domestic sales for Direct Access Partners. Paladyne is scalable to a hedge fund's needs, so as a fund grows in assets so does the system.

"This allows smaller hedge funds access to the same tools used by their larger competitors will ease their transition when needs change down the line, preventing them from having to bring in a new suite of products as they get larger," Fremont said.

Direct Access said it is fully integrated with Paladyne's FastStart, so it should be an easy migration for clients, as their prime brokers will already be connected to the suite of products.

 

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