Pamplona Chooses Calypso SaaS for New Credit Opportunity Fund

Pamplona Capital Management LLP, a London-based specialist investment manager, has selected Calypso SaaS (Software-as-a-Service) to support its newly launched credit fund. Pamplona will use Calypso SaaS as a front-to-back office solution for credit derivatives including leveraged loans, corporate and asset-backed credit. Calypso Technology, is a global application software provider offering an integrated trading application suite to the capital markets industry.

Pamplona launched the Pamplona Credit Opportunity Fund (PCO) in September 2008. With time to market as a key business driver, the firm was seeking a robust system that could support complex credit trading strategies and be implemented quickly. After looking at a number of systems, Pamplona selected Calypso SaaS as a turnkey solution. The hosted version of Calypso provides strong credit derivatives front-office and processing capabilities. Out-of-the-box integration with leading 3rd party processing systems saves time, costs and resources for the firm.

Pamplona also leveraged Calypso Fast-Track for ease of implementation. Calypso Fast-Track is a product that provides a speed-to-market application environment designed to reduce implementation time and cost with pre-configured market data and interfaces, while providing full documentation, methodology and training.

"We see great opportunities in the credit markets and needed a solution that would both support our current complex trading strategies and scale with us as we grow," says Yves Leysen, partner at Pamplona, in a press release. "With PCO launching in September, we chose Calypso because we recognized it as the market leader in credit. The SaaS version of Calypso was perfect for us because we can leverage both the sophistication of the Calypso platform, as well as the short time-to-market and resource savings of a hosted solution," he added. "We're very excited to be announcing the first client to go live on Calypso SaaS," says Charles Marston, CEO of Calypso, in the release.