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Multi-Strategy Fund To Exploit Robust Technology of To Maximize Profits And Minimize Risk

NEW YORK, September 28, 2005- Imagine Software, the leading provider of full-service hosted trading and risk management solutions for the global financial industry, today announced that Bennelong Asset Management LLP has selected to support the launch of its new hedge fund.

Bennelong Asset Management LLP is a London-based fund manager that launched the Bennelong Asia Pacific Multi Strategy Equity Fund in March 2005. With $200 million in assets under management, Bennelong invests exclusively in the Asia / Pacific region, including Japan and Australia, and employs a range of trading strategies including share class arbitrage, catalyst driven special situations and long volatility. Bennelong relies on for portfolio and risk management across its enterprise.

Bennelong represents the latest in a series of new market entrants to launch a fund using to execute better trading decisions and ensure risk transparency. The sophisticated trading and risk analytics of allow Bennelong to effectively manage its portfolios of traded instruments, including derivative transactions, in real-time. The system provides tick-by-tick price and position updates as well as real-time P&L calculations, portfolio Value at Risk (VaR) analytics, VaR on an intra-day basis, ‘what-if’ analysis, and limits monitoring across all trading strategies and holdings.

"We envisioned our operations would evolve quickly with the launch of our fund, so we recognized the need for a real-time solution that not only provided robust trading capabilities but also the flexibility to support our growing operations," said Mark Konda, Principal for Bennelong Asset Management. " has allowed us to take advantage of new trading opportunities as they arise and optimize hedging strategies on the fly, while supporting our growth from $40 million to over $200 million of assets in six months." also powers Bennelong to maximize operational efficiency. The platform’s full-service hosted architecture shifts traditional IT responsibilities from Bennelong and its staff to Imagine. It also automates key back office processing services for Bennelong, including the fund’s end of day processes, corporate actions and holdings management, and maintains its global security master. As a result, Bennelong benefits from immediate global accessibility, rapid time to market of strategies and lower operating costs.

"We are delighted to be selected by Bennelong Asset Management as the technology partner of choice to address its immediate and long term strategic challenges," said Scott Sherman, Principal and Global Head of Business Development for Imagine Software. "Our ability to provide a robust and cost effective solution has led to the continued growth of our customer base as well as to the deepening of our relationships with existing customers."

Imagine continues to be the only derivatives trading and risk management vendor that offers a full-service hosted solution, which provides the benefits of software on demand, data and processing services.