Fund of Hedge Funds Selects TwoFour to Optimize Cash and FX Activities

White Plains, NY – 30 October 2006

TwoFour Systems, www.TwoFour.com a leading provider of global financial transaction processing systems, today announced that one of the world’s largest fund of hedge funds and investment management firms has selected TwoFour to manage its global cash and foreign exchange (FX) activities. TwoFour will be deployed in operational centers across North America, Europe and Asia.

Our client required a flexible, workflow-based solution that would enhance cash portfolio management and provide FX risk exposure management for their own internal operations as well as their clients. “We evaluated a number of leading solution providers and selected TwoFour because it provides the most flexible, robust solution. With minimal effort, they can quickly and easily configure the system to support our specific needs,” said their Global Head of Technology and Operations. “Our meetings with TwoFour have made us confident that they understand our business and will work with us to ensure a successful global implementation.”

TwoFour provides the tools to effectively manage cash forecasting and streamline cash movement administration and monitoring, resulting in better service for their clients and more efficient operations. “TwoFour’s support for real-time monitoring and control of banking and inter-company activities will provide precise management of daily cash, foreign currency positions, and short and long term liquidity”, states their Director of Fund Administration. With a comprehensive global view of all client currency holdings, the fund of funds can also more effectively manage FX risk exposure. The deployment of TwoFour adheres to their strict regulatory compliance practices and will contribute to a reduction in ongoing internal costs.

“We are extremely pleased to add an organization with such a prestigious reputation in the financial services industry to the growing list of companies that are helping to make TwoFour an industry standard for front, middle and back office trade processing for both ‘buy-side’ and ‘sell-side’ firms” , said Chris Davis, Managing Director of TwoFour Systems.

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