Lighthouse Partners Selects Paladyne for its Global Managed Account PlatformNEW YORK, NY ANDPALM BEACH GARDENS, FL – January 9 , 2007 – Paladyne Systems, LLC, a leading provider of alternative investment solutions, today announced that Lighthouse Investment Partners, LLC (“Lighthouse”), a multi-billion-dollar asset manager and fund of hedge funds provider, has licensed the PALADYNE™ product suite to enhance its global managed account platform. The PALADYNE suite will automate the trade capture and reconciliation processes as well as the collection, storage, and processing of securities terms and conditions and corporate actions. Lighthouse will also utilize Paladyne’s data warehousing and custom reporting tools, which provide seamless integration to Lighthouse’s existing infrastructure including, Advent Geneva®.

Lighthouse will implement the PALADYNE ASP™ offering, a fully-hosted solution including software, hardware, database maintenance, IT and disaster recovery services. The PALADYNE ASP platform will enable Lighthouse to offer its managers direct access to Paladyne’s front- and middle-office tools including order management, real-time P&L and portfolio management, data warehousing, custom reporting and performance analysis.

“After completing an extensive technology review, we selected PALADYNE ASP™ due to the broad scope of its product offering, and its integration with our existing accounting platform, Advent Geneva®,” said Rob Swan, Chief Operating Officer of Lighthouse. “Paladyne’s state-of-the-art technology and highly scaleable ASP platform will help us improve our business operations significantly with our existing team.”

“We are excited that Lighthouse has selected our ASP solution as a platform for building their managed account business, and we see a number of strategic initiatives to pursue with Lighthouse,” said Sameer Shalaby. “By seamlessly integrating with their Advent Geneva®, we provide Lighthouse with the necessary tools to streamline and automate their processes and improve their business operations without expanding staff.”
About Lighthouse Partners
Lighthouse Partners is a registered investment advisor headquartered in Palm Beach Gardens, Florida with offices in New York City and Chicago.  Lighthouse manages over $5.6 billion through its product suite which includes a combination of absolute return, multi-strategy products as well as strategic separate funds in the areas of Credit, Global Equity Long/Short, Managed Futures, and Asian Strategies.About Paladyne Systems
Paladyne Systems LLC, (www.paladynesys.com) a leading solutions provider for the hedge fund industry, develops and distributes technology designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform known as the PALADYNE™ suite which is capable of supporting the front- to back-office requirements of today’s most comprehensive hedge funds. The PALADYNE™ suite is an integrated set of applications including:  order management, portfolio management, portfolio accounting, global security master, analytics toolset, comprehensive portfolio pricing, custom reporting, and customer relationship management. Paladyne was formed through an acquisition of its technology platform from a large US-based multi-strategy hedge fund.

CONTACT:

Lighthouse Partners
Rob Swan, Chief Operating Officer
(561) 741-0820
Rob.swan@lighthousepartners.com

Paladyne Systems, LLC
Scott Alderson, Sales
(212) 616-4306
salderson@paladynesys.com

Lisa Jane O'Neil, Media
(646) 432-3330
lisajane@ljoneil.com

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