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BISYS(r) ALTERNATIVE INVESTMENT SERVICES AND LINEDATA'S BEAUCHAMP ENTER STRATEGIC ALLIANCE

BISYS Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund and private equity industry, and Beauchamp, a wholly-owned subsidiary of Linedata Services, have joined forces to provide an enhanced straight-through processing solution for hedge fund managers. Together, BISYS and Linedata's Beauchamp FundManager application will deliver a platform for trade capture, P&L portfolio analysis, custom report design and automated reconciliations.

Beauchamp FundManager is a highly configurable and scalable trading and portfolio management system built to meet the needs of those hedge funds requiring fully automated trading support, P&L and portfolio analysis across a wide array of instrument types and position classes. BISYS' clients will enter trades into FundManager using the just-released FundManager Desktop trade blotter. These trades, and the related position data, flow straight through into the BISYS fund accounting system. Real-time portfolio management capabilities, including electronic trading, real-time P&L and fund accounting will also be offered as additional modules to BISYS clients on the platform.

"We are very excited to be partnering with Beauchamp," said Mary Lumetta, vice president of BISYS Hedge Fund Services. She added, "We are highly committed to the success of our clients. This partnership allows us to lower their total cost of ownership and further raises our already exceptional operational efficiency. Beauchamp's FundManager is fully integrated with our administration platform allowing us to provide end-to-end transparency for our clients."

Clare Flynn Levy, president of Beauchamp said, "We are very pleased to be working with a company like BISYS. The continued success and recognition given to products like FundManager and the Beauchamp software suite are a result of our focus on the hedge fund sector. We look forward to growing our relationship with BISYS and offering the best solutions for its clients."