Managed Quantitative Advisors, LLC chooses ClariFI Risk Management Services - RiskMS - for Outsourced Portfolio Risk Analysis and Optimization

BOCA RATON, Fla., June 5, 2003 -- Company officials announced today their selection by Managed Quantitative Advisors, LLC as vendor of record to provide outsourced risk management services for their equity long / short portfolio products. Based on ClariFI's ModelStation(TM) analytics platform, RiskMS is targeted at hedge funds that want to expand their risk assessment and optimization capabilities without incurring significant capital costs. Edward Raha, MQA's President explains: "We use ClariFI's RiskMS as both an on-demand service bureau to support our existing quantitative research and, perhaps more importantly, as a third party assessor of our true risk exposure across portfolios. I appreciate having an experienced risk professional team double check our risk exposures."

The Fairfield, Connecticut based hedge fund is also employing RiskMS to construct hedging baskets that reduce the fund's exposure to a number of proprietary risk factors. MQA supplies the existing portfolio positions, a universe of assets to choose from, and the risk factors to be included in the analysis. ClariFI's RiskMS returns the optimized hedging basket along with customized reports within a few hours. "If we ever find ourselves uncomfortable with our risk exposures, we can immediately execute ClariFI's suggested hedging basket to get us back to risk neutral. I don't have to learn a new software program or tie up my staff with these tasks."

According to Gioel Molinari, ClariFI's founder, President and CTO, RiskMS "employs state of the art optimization techniques to select and build hedged baskets in just a fraction of the time. Positions are selected such that they fall within MQA's exposure and turnover constraints." According to Raha, "RiskMS's long/short optimization feature is a superior value proposition for us -- it drastically reduces the expense of the process we used to go through, and gives us the ability to focus on managing our portfolios."

ClariFI RiskMS was launched in early May and is currently being offered on a report-by-report basis or as a monthly subscription.

About Managed Quantitative Advisors, LLC.

Managed Quantitative Advisors, LLC, is a Fairfield, Connecticut based registered investment advisor focusing on using proprietary equity valuation tools to manage money for banks, institutions, fund of funds and high net worth individuals.

About ClariFI

ClariFI, of Boca Raton, Florida, is a privately held solutions provider to the financial services industry. The company specializes in securities modeling software and risk management services and has developed the industry leading ModelStation(tm) product line. Additional information about ClariFI can be found at http://www.clarifi.com.

Contacts

ClariFI, Boca Raton
Brad Winney, 561/417-0664 ext 126
bwinney@clarifi.com