FinLab SA and Millennium Global Investments Ltd are Pleased to Announce the Signing of a Software Licensing Agreement Between the Two Companies

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FinLab SA provides advanced software products and services to investment professionals making asset allocation decisions on both Hedge Funds and Traditional Funds.

Mr. Denis de Pentheny O’Kelly CEO of Finlab SA stated “The alternative funds industry passed the landmark $1 trillion under management in the first half of 2004 and is predicted to pass $4 trillion in 2010, consumers of these hedge funds such as Millennium expect that an investment will deliver an absolute return with capital preservation through portfolio diversification. This can only be achieved if the allocation decision is based upon the proven disciplines of quality research & analysis, financial innovation, portfolio construction, due-diligence and client reporting. We believe that the decision made by Millennium to deploy Packhedge’s™ set of quantitative and qualitative tools is proof that our solution provides a true best of breed solution for active professionals in the Hedge Fund Industry.

Michael Huttman, Chief Investment Officer at Millennium said we now have to balance accuracy, return, timeliness and productivity when we select and allocate funds in the alternative asset market. With over 8000 funds in the universe under 6000 managers which have multiple strategies and styles means the decision making process is now significantly more complex. A portfolio is constructed to seek optimum diversity by manager, strategy, economy, geography, market, trading style, liquidity, duration and size. The Fund invests in strategies seeking to have low correlations to each other. The portfolio risk parameters and weightings of each manager have to be monitored rigorously, and must be re-evaluated regularly, according to market opportunity. Our competitive advantage will come from our experienced, focused operating team using a tool such as PackHedge™ that allows them immediate, independent, and accountable decision-making in the fast-moving Alternative Investment marketplace.

About FinLab SA

FinLab is a software solutions company that develops, distributes and supports one of the world’s most advanced systems for investment research, analysis and asset allocation for both alternative and traditional funds.

The company’s product suite PackHedge™ is a series of state of the art modular software tools that provide an unmatched multi-source, multi-currency, multi frequency qualitative and quantitative data management model. PackHedge™ includes data aggregation, extensive statistical analysis and charting, a multi-dimensional query engine, complete pro-forma portfolio simulation, comprehensive fund of funds portfolio management, and customisable reporting capabilities.

The company was formed in 1999 and is headquartered in Geneva, Switzerland.

For more information please visit FinLab’s web site http://www.finlab.com

About Millennium Global Investments

Founded in 1994, Millennium is a privately owned international investment management company and one of the longest established European-based firms in the alternative investment industry with $2.7 billion Assets under Management. Millennium specialises in developing and managing alternative investment products for institutional investors. This is executed by using disciplined risk controls and detailed analysis in seeking to deliver superior risk adjusted returns from global non-cyclical investments. Our focused operating unit structure allows for immediate, independent, and accountable decision-making.

Offices

•    London - focuses on trading, risk management and systems development.

•    Guernsey - dedicated to operations, settlement, reconciliation, reporting, and investor relations.

•    Miami - provides research supporting senior fund managers.

For more information please visit Millennium at http://www.fundmanagement.net

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Mike Swalwell
FINLAB SA
+41 22 908 2700
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