Mereor Selects Imagine Software For Risk And Portfolio Management

Paris-based Investment Firm Will Launch with Derivatives.com Service

NEW YORK and PARIS, September 28, 2009—Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced the selection of its award-winning, Internet-based Derivatives.com service by Paris-based Mereor Investment Management and Advisory SAS (“Mereor”). The new investment management firm will deploy Imagine Software as a trade capture, portfolio and risk management platform.

With a focus on credit and merger arbitrage strategies, Mereor needed a risk and portfolio management system that would provide extremely flexible stress testing capabilities, a high degree of user-defined customization capabilities, and reporting transparency sufficient for the demands of today’s investors.

Mereor founding partner Georges Gedeon commented: “In today’s highly volatile climate, risk management is top of mind for everyone, and investors are demanding that funds have institutional-grade risk management tools in place from the start. While we did survey numerous offerings in our search for a system, only Imagine could provide the level of sophistication, flexibility and transparency we required. In addition, Imagine’s team represents valuable expertise in supporting multi-strategy investment processing, including handling credit and merger arbitrage strategies. We feel extremely confident as we head toward launch that we have made the right decision on behalf of our investors.”

Imagine’s ability to conduct comprehensive stress testing of Mereor’s strategies was crucial to its selection. Also making Imagine stand out from its competitors, according to Mereor, was Imagine’s enthusiasm in designing and quickly implementing proprietary risk calculation formulas and customized data and portfolio views.

According to Gedeon, Mereor’s combination of credit and merger arbitrage strategies—which the firm believes represents a unique investment approach—necessitated the ability to assess risk within a combined equity and credit portfolio. Imagine’s ability to handle unique nuances of credit and merger arbitrage strategies, like the need for overlay protections against directional bias, the necessity of liquidity provision and information, and hedging interest-rate risk against credit, were considered mandatory functional requirements by Mereor.

Mereor’s COO Hasan Sabri commented that Imagine’s inherent flexibility was a significant advantage in terms of being able to execute quick customizations. “The ability to quickly change risk calculations and the manner in which data and portfolio views are presented to the end user—without the expense and delay associated with the programming resources other systems usually demand—translates to an agile system that quickly adapts to reflect new business needs.”

“We are delighted that a start-up fund, particularly one with the management pedigree of Mereor, has selected Imagine to support its business needs,” said Yvonne Dahl, Director of Sales and Marketing at Imagine. “Mereor made the decision to launch a fund focused specifically on their unique core competencies in credit and merger arbitrage, concentrating in a market segment ripe for growth in the new investment landscape. We are excited to help them capitalize on this opportunity and help them grow.”

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About Imagine Software

Imagine Software is a leading provider of real-time investment management solutions worldwide. Its flagship product, the Imagine Trading System, is a cross-asset trading, portfolio, and risk management solution available as an enterprise application or as an on-demand, ASP-based platform at Derivatives.com. Developed for alternative investment companies of all sizes, Derivatives.com combines proven enterprise functionality with comprehensive data management and automates key business processing services.

Imagine Software serves thousands of users worldwide, ranging from major brokerage firms and banking institutions to hedge funds employing all major asset classes across any trading strategy. Imagine Software is one hundred percent owned by its four managing directors.

For more information, visit www.derivatives.com or contact us at 212-317-7600.

About Mereor Investment Management and Advisory

Mereor Investment Management and Advisory SAS (“Mereor”) is a Paris-based asset management firm focused on credit and merger arbitrage strategies. Mereor’s founding partners are Georges Gedeon (formerly an Asset Manager at GLG Partners and an Executive Director in Investment Banking at Goldman Sachs), Jean-Luc Biamonti (formerly a Partner in Investment Banking at Goldman Sachs who co-headed the France and Belgium region and then the European Consumer Retail group), and Philippe Gedeon (formerly Head of Fixed Income and Structured Products distribution for the MENA region at Daiwa and then Head of Equity Derivatives distribution for the MENA region at Citigroup).