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Ocean State Asset Management LLC Adopts ClariFI's ModelStation to Streamline its Domestic Equities Investment Process

Posted on: Wednesday, 11 March 2009, 07:00 CDT

NEW YORK, March 11 /PRNewswire/ -- ClariFI, a Standard & Poor's Capital IQ business and leading provider of software and services focused exclusively on providing investment managers with complete solutions to their research and production workflows, today announced that Ocean State Asset Management LLC, a provider of investment advisory services to institutional and high net worth clients, has adopted ModelStation(R) to streamline its domestic equities investment management and research process.

ModelStation was chosen for its robust backtesting and strategy simulation capabilities, and Ocean State Asset Management is using the technology in conjunction with the Standard & Poor's Compustat(R) Xpressfeed database to research, test, and develop advanced fundamental and quantitative investment strategies. In addition, ModelStation's turnkey integration with this dataset allows for rapid discovery of uncharted sources of alpha and enables users to manage and optimize risk before implementation.

"Despite today's challenging economy, firms that prioritize investment in the right tools will continue to achieve the greatest returns for their clients and stay ahead of the competition," said Rajat Babbar, CFA, Principal, Ocean State Asset Management. "With ModelStation, we benefit from state-of-the-art functionality and unmatched client support, as well as the most comprehensive suite of investment management applications in the market, allowing us to increase operational efficiencies, minimize business risk, and easily add new modules as our needs evolve."

Donovan Goodreau, Vice President of Sales and Business Development, ClariFI said, "We are very happy to have Ocean State Asset Management as a client, and look forward to a long-lasting relationship with the firm." He continued, "We are committed to helping new and existing clients maximize the value of their investment in our software and services, and we are confident that our recently enhanced product suite will allow firms, such as Ocean State Asset Management, to do more with less, while maintaining a significant competitive edge."

About ClariFI and Capital IQ

ClariFI, a Standard & Poor's Capital IQ business, provides software and services focused exclusively on providing investment managers with complete solutions to their research and production workflows. ClariFI's offerings allow managers to decrease the time it takes to research, test, and put into production their investment strategies, leading to reduced operational risk, decreased time-to-market, and significant organizational efficiencies. ClariFI counts four of the top five investment management firms in the world, hedge funds of all sizes, and proprietary trading desks at the leading sell-side firms as its clients. Additional information about ClariFI can be found at http://www.clarifi.com.

Capital IQ, a division of Standard & Poor's, provides high-impact information and workflow solutions to over 2,400 leading financial institutions, advisory firms, and corporations. Its solutions are based on the Capital IQ Platform, a unique combination of global private and public capital market data and technology that enables end-users to draw deep market insights, generate better ideas, leverage relationships, and simplify workflow. Clients can deploy the Capital IQ Platform either as a standalone solution or seamlessly integrate its components into existing business applications and portals via systems integration and data feeds. For more information, please visit Capital IQ's web site at www.capitaliq.com. Standard & Poor's is a division of the McGraw-Hill Companies (NYSE: MHP).

About Ocean State Asset Management LLC

Founded in 2005, Ocean State Asset Management, LLC provides investment advisory services to institutional and individual clients. The management team was formerly with Boyd Watterson Asset Management and New England Trust Company and has over 51 combined years of investment experience, and 45 years of experience providing specialized services to Taft-Hartley funds. The firm employs a disciplined approach to construction and management of client portfolios, abiding by a research-driven approach to stock selection and guided by industry best-practices, advanced quantitative and fundamental research methodologies. Additional information about Ocean State Asset Management can be found at http://www.osamllc.com.

SOURCE Capital IQ

Source: PR Newswire

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