SkyRank launches extensive hedge fund rating service, includes 6,000 funds using Morningstar Data

East Brunswick, NJ – 11 January 2007

The SkyRankTM System of Hedge Fund Ratings is pleased to announce the release of its new hedge fund ratings subscription product which uses the Morningstar® high quality hedge fund data engine. Over 6,000 hedge funds, funds of funds, and commodity trading advisors from Morningstar’s hedge fund database are analyzed using the Standard Hedge Fund Rating MethodologyTM. Up to 12 SkyRank ratings and up to 50 data fields per fund are presented in the unique subscription service.

SkyRank provides its Absolute, Lettered, and Relative SkyRank Ratings which are broken down into 1-year, 3-year, 5-year, and Composite Ratings of all time periods for all funds, depending upon length of service of the funds. Absolute SkyRank is a quantitative rating ranging between 0 and 5 and goes out 16 decimal places. Lettered SkyRank translates the numerical rating into a letter ranging between A+ and E. Relative SkyRank is a percentile rating that compares a hedge fund to its peers. Annualized Returns, Volatility, Sharpe Ratios, emails, websites, fees, contact and administrative information, descriptions of funds, the SkyRank ratings are some of the fields available in the service.

“We are so excited about this new release. Developing the system and building the company over the past four years has been by far the most fun and rewarding experience of my career,“ said Joseph Omansky, founder and owner of The SkyRank System. The SkyRank System, patent-pending, is entirely quantitative and based upon years of proprietary research. Currently the System analyzes assets under management, fund tenure, volatility and returns, and there are plans to integrate alternative risk measures in the future. It was created to mirror the changing hedge fund industry.

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