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S&P Fund Services Launches Its Fund of Hedge Fund Ratings and Research Into the US Via a Partnership with HedgeFund.net,

Posted on: Wednesday, 22 April 2009, 10:32 CDT

Partnership allows US investors greater access to deep research and ratings on funds of hedge funds

NEW YORK, April 22 /PRNewswire/ -- Standard & Poor's Fund Services has announced that its Fund of Hedge Funds ratings and research reports will be available on HedgeFund.net, a leading global source of hedge fund news and research. Anyone wishing to access this information may register at (www.hedgefund.net).

With turbulent markets, a wave of redemptions and frequent negative reporting surrounding the hedge funds industry in recent months, investors are faced with a wave of confusing messages and reviews. With an emphasis on clear reporting and timely research, Standard & Poor's Funds Services and HedgeFund.net are providing investors with ratings and research on Funds of Hedge Funds to enhance transparency and help identify quality funds.

As well as assisting RIAs, Brokers, Private Banks, Pension Funds and Endowments, the addition of Standard & Poor's fund ratings and research reports will provide substantial visibility for Fund of Hedge Funds managers that appear on Hedgefund.net and have a Standard & Poor's fund rating.

Peter Gorogh, Distribution Manager of S&P Fund Services, said: "US Endowments, Pension Plans, RIAs and Investment Advisers are seeking greater understanding into the investment process behind the best quality Funds of Hedge Funds, particularly in the current market. Our qualitative analysis of Funds of Hedge Funds looks beyond historical performance returns, and thus offers much needed insight into the funds' capabilities and investment objectives. The distribution of S&P Fund Services' ratings and reports to users of HedgeFund.net will further increase access to our research to investors worldwide."

Sonya Morton-Firth, Business Development Director of S&P Fund Services, said: "The inclusion of our fund ratings and reports on HedgeFund.net will enable a far greater audience of investors access to our independent research on Funds of Hedge Funds. The consolidated S&P Fund Services ratings page on HedgeFund.net will give visibility to those Funds of Hedge Funds that have been assigned a Standard & Poor's Fund Management Rating."

"We value the opportunity to bring S&P Fund Services ratings and research to investors who seek detailed information for evaluating Funds of Hedge Funds," said Don Cacciapaglia, Chairman and CEO of Channel Capital Group Inc., the company which owns HedgeFund.net. "Funds with S&P Funds Services ratings will also be invited to join HedgeFund.net's enhanced transparency platform, HedgePlus, at a discounted rate. HedgePlus provides investment firms the opportunity to present in-depth information on their funds to investors."

About Standard & Poor's Fund Services

Standard & Poor's Fund Services is one of the world's leading providers of qualitative, forward-looking fund research, including fund management ratings on over 2,200 funds worldwide. These ratings -- unlike past performance rankings -- are based on in-depth analysis of the stability of a fund's parent group, the appropriateness of its investment policy, and the sustainability of its performance. They are continuously monitored and updated reports are posted to www.funds.standardandpoors.com

Funds rated in the AAA to A categories demonstrate to Standard & Poor's Fund Services an ability to provide above average returns over a long-term period (relative to funds in the same sector) along with a strong ability to adhere to a consistent investment process. The differentiation in the rating categories is based on the consistency of a fund's performance relative to its own objectives along with Standard & Poor's assessment of the investment process and management. The rating is based on an evaluation of qualitative (management, investment process, and organisation) and quantitative (historic performance, portfolio construction, and volatility) factors, which contribute to long-term performance. The rating does not address the market, credit or counterparty risk of a fund, nor a fund's suitability as a counterparty or obligor.

About Channel Capital Group Inc. (HedgeFund.net)

HedgeFund.net (HFN), a division of Channel Capital Group Inc, is a leading source for hedge fund news and information. Investors who meet HedgeFund.net's accreditation standards are eligible for online access to our database of 7,500+ hedge funds, funds of hedge funds and CTA/managed futures products. Registered users include a wide range of institutional investors and high net worth individuals. For more information or to register, visit www.HedgeFund.net.

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Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.

SOURCE Standard & Poor's

Source: PR Newswire

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