Alpine Associates Advisors, a New Jersey-based multi-strategy hedge fund manager with approximately $1.8 billion under management, has joined Paladyne Systems, Inc., successfully implementing the Paladyne Suite™ as its fully-hosted front- to back-office solution.

“With the growth of our firm and our plans for the future, we realized that we needed one integrated solution that was automated, and emphasized straight through processing across our entire organization and counterparties,” explained Frank Fiorello, Head Trader at Alpine Associates. “We are extremely satisfied with the breadth of functionality that Paladyne offers, with this one relationship we now have a complete solution that supports our entire workflow, requires less internal resources, and appears to be much more cost-effective.”

Paladyne has recently added a succession of new clients in the US, Europe and Asia. There are now 145 fund managers on the Paladyne Suite, that total $240 billion of assets under management.