Macgregor Partners with Tradar to Provide Front-to-Back Office Solution for Hedge Funds

BOSTON & LONDON--Aug. 8, 2005--Macgregor(R), a leading provider of execution process technology for the global financial community, and Tradar, a leading provider of portfolio accounting solutions to the hedge fund industry, announced today their plans to integrate the Macgregor XIP Order Management Network(TM) (OMN(TM)) with the Tradar Portfolio(R) accounting solution. The integrated offering will be easy to deploy and will provide hedge funds with a complete front-to-back office solution to improve efficiencies and reduce errors throughout the investment process.

Richard Cunningham, Senior Vice President, Macgregor stated, "Our combined solution will offer compelling value to hedge funds in the U.S., Europe and Asia that are looking for a multi asset class solution that is functionally rich, high performance and easily configurable to their unique workflow requirements. We're looking forward to offering this comprehensive solution to clients and prospects and building on our relationship with Tradar".

Tony Swei, CEO, Tradar stated, "Macgregor's best-of-breed order management applications, low cost/low maintenance broker connectivity and system flexibility make it a great fit for hedge funds and a perfect complement to our accounting solution. The combination of our products with our reputations for on-time, on-budget deployments and high levels of client support will make this a very attractive offering".