Butterfield Fulcrum and Paladyne partnership claims full front to back fund administration

“With the implementation of Paladyne ClientLink, our existing and prospective clients now have a unique outsourced technology platform that allows us to provide enhanced services across the entire trading lifecycle and operational workflow of a fund manager,” said Chris Mulhern, COO and President, Butterfield Fulcrum. “Our clients can now extend the role of their independent fund administrator into the middle-office as well as employ best in class front-end trading and portfolio management technology.”

Anticipating market demand, Butterfield Fulcrum is announcing on October 25 that, in partnership with Systems, it is leading a major industry shift in administration services with this roll out, making the firm a fund administrator with a truly front- to back-office model. Fund managers are increasingly becoming more comfortable embracing  outsourced solutions as a way to streamline operations, decrease overhead, and meet new stringent operational due diligence from investors and allocators by employing industry standard platforms. As more fund managers are relying on their administrator for technology solutions, the interface between the fund manager and their administrator with respect to workflow and a controlled environment becomes crucial. Getting ahead of the curve, Butterfield Fulcrum has extended their technology platform by leveraging Paladyne ClientLink, a unique and comprehensive client-facing front-and middle-office solution for fund managers.  This partnership will allow Butterfield Fulcrum to offer a shared technology platform that provides enhanced services across the entire operational workflow of a fund manager. As well as providing a seamless interface between the fund manager and the administrator, Paladyne ClientLink includes trading and portfolio management tools bundled with a complete daily services offering across the entire trade lifecycle from trade execution and real-time portfolio reporting to cash management and daily reconciliation. “Today’s fund managers are relying more and more on their fund administrators to provide technology solutions that help them run their daily trading and operations, while streamlining the data communication and aggregation among their various counterparties,” said Sameer Shalaby, President, Paladyne Systems, Broadridge. “Paladyne ClientLink is an ideal cost-effective solution for managers who require multiple prime broker relationships but want to focus on their investment decisions while relying on their fund administrator to manage their middle/back-office.”