FOR IMMEDIATE RELEASE
FinLab SA and Barclay Group Join Forces
Fairfield, Iowa, March 17, 2005 -- FinLab SA and The Barclay Group recently signed a Data License Agreement, allowing user’s of FinLab’s PackHedge™ software to access the Barclay hedge fund and managed futures databases. Clients of FinLab SA can now seamlessly retrieve The Barclay Group’s suite of alternative investment and managed futures databases.
“Combining the PackHedge™ set of tools with timely and accurate hedge fund data from The Barclay Group creates a powerful solution for the growing and dynamic hedge fund sector,” says Mr. Denis de Penthney O’Kelly CEO of FinLab SA.
Sol Waksman, president of The Barclay Group, adds, “We are delighted to be able to offer PackHedge subscribers access to our databases. We are continually striving to increase the scope of our databases as well as to improve data quality. FinLab clients can feel confident they have the best possible data for investment analysis and portfolio construction."
FinLab SA provides advanced software products and services to investment professionals making asset allocation decisions on both hedge funds and traditional funds. The Barclay Group compiles alternative investment databases that track and analyse the performance of more than 4200 hedge fund and managed futures investment programs worldwide.
Alternative Funds Head Mainstream
“With $1 trillion under management now, and with predictions of $4 trillion by 2010, the alternative funds industry is establishing itself as part of the financial mainstream,” says O’Kelly. “We recognise that funds have to become more agile in how they adopt and apply new investment strategies and techniques in the market place. It demands that asset allocation be based on a solid foundation of disciplined research and analysis, portfolio construction, client reporting, investment decision support, financial innovation and due-diligence.”
For more information, visit www.finlab.com and www.barclaygrp.com.
About FinLab SA
FinLab is a software solutions company that develops, distributes and supports one of the worlds most advanced systems for investment research, analysis and asset allocation for both alternative and traditional funds.
The company’s product suite PackHedge™ is a series of state of the art modular software tools that provide an unmatched multi-source, multi-currency, multi frequency qualitative and quantitative data management model. PackHedge™ includes data aggregation, extensive statistical analysis and charting, a multi-dimensional query engine, complete pro-forma portfolio simulation, comprehensive fund of funds portfolio management, and customizable reporting capabilities.
The company was formed in 1999 and is headquartered in Geneva, Switzerland.
About The Barclay Group
The Barclay Group, established in 1985, serves institutional and high net worth clients in the field of hedge fund and managed futures performance measurement and portfolio management. Barclay’s indices are utilized worldwide as performance benchmarks for the hedge fund and managed futures industries.
The Barclay Alternative Investment Database tracks the performance of more than 4,200 hedge fund and managed futures investment programs. Based on 21 years of experience in data collection, research and consulting services, Barclay has established long-standing relationships with many of these managers.