Cannizaro Signs on to Algorithmics’ Leading-Edge Managed Service Platform

London - 15 February 2007

Algorithmics, an internationally recognized leader in the development and delivery of enterprise risk solutions, today announced that Cannizaro Capital Partners has joined its Algo Risk Service, the managed service deployment of Algorithmics’ Portfolio Construction and Risk Management technology.

Algorithmics will provide Cannizaro, the London- and Hong Kong-based, $300 million Asian multi-strategy fund, with an interactive risk management and portfoliomodelling tool that is fully serviced by Algorithmics’ expert risk management team.

The use of Algo Risk Service will enhance Cannizaro’s risk systems, enabling the fund to continue achieving its mandate of producing attractive risk-adjusted returns
by limiting the systematic or market risk so often associated with Asian hedge funds.

“Asian markets are both expanding and becoming more complex. Risk systems need to evolve accordingly, and that’s why we chose Algo Risk Service,” said Stephen Wilson, COO of Cannizaro. “As we build our pan-Asian hedge fund business, Algo Risk Service will do two things for us; firstly, it provides us with a dramatically enhanced set of tools, with which we can effectively and proactively manage our portfolio risk, and secondly, it provides us with useful aggregated output data which we can share with our institutional clients.”

”Cannizaro’s participation underscores our continued commitment to the fastgrowing hedge fund and boutique asset management sector and we are delighted they have joined our sophisticated yet simple-to-use service,” said Dr. Andrew Aziz, Managing Director of Risk Solutions for Algorithmics. “The whole industry is growing up. Dynamic hedge funds such as Cannizaro know that it’s critical to offer aggregated risk information for complex instruments to an ever-demanding institutional client base.”

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