Eurekahedge and FinLab Announce the Launch of a New Industry Leading Service to Provide and Manage Daily Feeds of Hedge Fund Performance Data

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(PRWEB) December 20, 2006 -- Eurekahedge and FinLab are pleased to announce that with immediate effect, they are providing daily feeds of the Eurekahedge Fund Database through PackHedge™, enabling their mutual clients to track, analyse and act on this information in a timely, accurate and a more frequent basis.

Mr. Denis de Pentheny O'Kelly, CEO of FinLab S.A., said, "Our clients worldwide demand that PackHedge™'s rich analytics and reporting tools are applied to the most current data available from hedge funds, regardless of location and reporting source of these funds. As such, Eurekahedge and FinLab are deeply committed to making sure that data published by hedge fund managers, administrators or custodians are delivered rapidly, accurately and securely to our mutual clients. In turn, PackHedge™ clients benefit directly in being able to apply the world's leading edge analytics, charting and reporting tools embedded within PackHedge™ to the most recent and accurate data available from the hedge fund community. Such capability, which includes true performance analysis on a daily data, brings direct benefits to our clients in their ability to understand and manage their investment portfolios in an ever increasing volatile market. They must quickly generate complex analyses and reports accurately and respond to changes in an informed way and without delay to the numerous alpha and beta factors that influence the professional asset allocators' decision making on a daily basis."

Mr. Alexander Mearns, Managing Director of Eurekahedge, said, "We are delighted to have worked with FinLab to deliver this industry-first capability so swiftly to our mutual clients. With hundreds of new hedge funds entering the market every month, our investor clients increasingly demand the latest performance numbers from these new and existing funds. Now this data will not only be available from the Eurekahedge database but also through the powerful analytical PackHedge application on a daily basis."

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. In addition, tools to manage time series imports and customisable due diligence questionnaires are provided to ensure full data fidelity.
The company was formed in 1999 and is headquartered in Geneva, Switzerland.

For further information, please contact:
Contact: Mike Swalwell   
Phone: (41)-22-9082700   Fax: (41)-22-9082701

About Eurekahedge
Eurekahedge is the world's largest independent alternative research firm with offices in London, New York, Hong Kong and Singapore. Eurekahedge was founded in 2001 and is considered the leading independent authority on the global alternative universe. To date, Eurekahedge maintains research data banks on 13,500 alternative funds globally and disseminates date on over 11, 000 alternative funds covering US 1.8 trillion in assets. For more information, please visit www.eurekehedge.com.

For further information, please contact:
Alexander Mearns
Managing Director
+65 6212 0924
or   Agnes Yea
Head of Corporate Communications
+65 6212 0930

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