Exclusive: Boyer Allan Implements Paladyne Suite

Following the economic collapse of 2008, Boyer Allan Investment Management, like many other buy-side firms, found that the multi-prime world had become more complex. To address this evolution, the Hong Kong-based firm needed to replace its old portfolio management system, which could no longer handle the size and complexity of Boyer Allan's business, Guy Commaille, COO of Boyer Allan, tells BST.

Boyer Allan selected Paladyne Systems to supply it with an investment management platform, Paladyne Suite.

"I was very impressed with Paladyne’s desire to improve their software and to address the issues that Asian hedge funds in particular face with the local Asian market nuances and quirks," Commaille says. "A lot of other vendor software solutions are primarily geared for US or European hedge funds and are not willing to put the required resources forward to make their software compatible for their Asian client base."

Paladyne was different, Commaille says. He approached the vendor with three areas where he felt Paladyne Suite's software didn’t meet Boyer Allan’s needs. Within the next month Paladyne came back to Boyer Allan with a new solution that addressed those three areas.

Commaille says he was impressed with Paladyne's expertise in the Asian markets. "Their Asian support desk is very strong and it is very important for us being in Asia to have a strong support desk working in the same time zone and—in our case—only being a couple of buildings away,” he says.

Boyer Allan, which has offices in Hong Kong and London, is now fully integrated onto Paladyne's platform and has added connectivity to its counterparties, third-party vendors and administrators. Included in the licensing agreement, the firm will tap into Paladyne's Portfolio Master and Analytics Master solutions to manage orders, positions and reference data. Paladyne will also provide Boyer Allan with performance models, and is helping it to streamline the fund administration net asset value (NAV) reconciliation process.

For the future, Commaille says the firm will import its entire trade history onto the platform, "which means bringing in hundreds of thousands of trades going back to 1998," when Boyer Allan launched, he says.

The firm currently runs eight funds, three prime brokers and four fund administrators, and Commaille says this will grow in the coming years.