One reconciled book
Holdings and transactions from custodians and brokers, matched to a security master and reconciled daily, with every break assigned and tracked.
Panda Investment OS
See every holding, measure risk, check every rule before the trade and report to clients, with an AI copilot that never invents a number.
For portfolio managers, AIFs, family offices and RIAs. Runs alongside the platform you already use.
Why Panda Investment OS?
Large platforms were built for the world's biggest balance sheets. Panda is built for the firms that manage the next trillion: faster to start, easier to audit and priced for their size.
SEBI PMS and AIF rules, INR-first reporting and an India data region come built in, with rule packs for the US, UAE and UK and EU too.
Every risk and performance figure carries its date, method and inputs, and every formula is tested against known answers.
The copilot answers only from Panda's own calculations, and every number in an answer is checked before anyone sees it.
Start from the custodian files you already receive and see your own book side by side in a 30-day pilot.
Local prices in 20 currencies, set by the assets you manage, not enterprise contracts built for global institutions.
Panda runs next to your current systems, including Aladdin. Nothing has to be switched off to start.
Watch the film
Two minutes on what Panda adds next to Aladdin: auditable risk, compliance before the trade and a copilot that shows its work.
1 min 50 s · with voiceover · product screens show illustrative demo data
The product
Panda brings the book, risk, compliance, trading checks and client reporting into one place, and lets every person ask it questions in plain English.
Holdings and transactions from custodians and brokers, matched to a security master and reconciled daily, with every break assigned and tracked.
Value at risk, stress tests, factor exposure and liquidity. Every figure shows the date, method and inputs behind it.
SEBI and mandate rules as versioned, no-code rule packs. Breaches get an owner, a deadline and an evidence trail.
Test a basket against every rule and risk limit before it is booked. Hard rules block; soft rules need a recorded reason.
Ask why VaR moved or what a trade would do. Answers come only from Panda's calculations, and every number is checked.
Performance, allocation and risk pages, with commentary drafted from the computed figures and approved by a person.
How it works
Upload custodian and broker files, or connect broker APIs. Panda matches every security by ISIN, CUSIP or FIGI.
Positions, performance, risk and rule checks run overnight and on demand, in your base currency.
Portfolio managers, risk, compliance and client teams each see their view, and ask the copilot the rest.
Panda vs Aladdin
BlackRock's Aladdin is an end-to-end investment and risk platform for large institutions. Panda is not a smaller copy of it. It is built for a different firm, and it can run alongside Aladdin where a firm already has it.
| Panda Investment OS | BlackRock Aladdin | |
|---|---|---|
| Built for | Portfolio managers, AIFs, family offices, RIAs and mid-sized asset managers | Large institutions: asset managers, insurers, pension funds and banks. BlackRock says most positions on the platform are fixed income. |
| Where you start | One strategy, from the custodian and broker files you already receive | An enterprise-wide platform spanning investment management, risk and operations |
| India | SEBI PMS and AIF rule pack built in, INR-first reporting, an India data region | A global multi-asset platform |
| AI | The copilot answers only from Panda's calculations; every number is checked against them and every answer is logged | Aladdin Copilot assists users across the platform |
| Commitment | A 30-day side-by-side pilot, then a plan priced per firm | Long-term enterprise contracts, which BlackRock describes as providing recurring revenue |
| Together | Runs next to Aladdin with no migration, for books and teams it doesn't cover | Remains the firm's core system |
You run a global, multi-asset institution and need one platform from portfolio construction through trading and operations.
You need SEBI-ready risk and compliance, an AI copilot your compliance team can audit, and results on one strategy in weeks, at a price that fits a mid-sized firm.
Aladdin details are from BlackRock's public Form 10-K for fiscal 2025 and its published product information. Aladdin is a trademark of BlackRock, Inc. Panda Investment is not affiliated with or endorsed by BlackRock.
Trust
Each firm lives in one region: India, the US, the UAE or the EU. Client data never crosses regions.
Portfolio managers see their own books; compliance, risk and operations see what their role needs, nothing more.
Every import, rule change, breach update, trade check and copilot question is recorded in an append-only log.
Every risk and performance formula is written down and tested against known answers before a client relies on it.
Pricing
Every plan starts with a 30-day pilot. Prices are set locally for each region, not converted daily. Licensed market data is passed through at cost.
Prices in , billed monthly, before local taxes such as GST or VAT.
The pilot
Questions
No. Panda reads the same custodian and broker files you already receive and runs alongside your existing systems, including Aladdin.
In the region you choose: India, the US, the UAE or the EU. A firm's data stays in that one region.
No. Panda is software for licensed investment professionals. Your managers make and own every decision, and the copilot does not recommend trades to end clients.
It can only call Panda's own calculations. After it answers, Panda checks every number and date against what those calculations returned, and flags anything it cannot trace.
Most of a pilot's setup is loading one strategy and its rules in the first week. You review the side-by-side numbers in week four.