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Press Release
ClariFI and Northfield Partner for Improved Portfolio Construction Efficiencies
September 7, 2006 – BOCA RATON, FL – ClariFI™, a leading provider of software and services focused exclusively on quantitative portfolio management and research, announced today their partnership with Northfield Information Services, Inc. Northfield is a market leader in providing investment professionals with analytical and operational efficiency tools for enhancing individual portfolio and firm-wide performance.
As a result of this partnership the Northfield Optimizer will be offered as an optional component in the next major version of ClariFI's ModelStation™ that is scheduled for release in the fourth quarter of this year. The integration that has been developed between the two platforms will improve client's portfolio construction efficiencies, accelerate the implementation of new strategies and eliminate the operational risk that is typically introduced when data is moved between disparate systems.
"ModelStation is architected to be an open solution that allows our clients to optimize their workflow with any combination of proprietary or best of breed third party data sources and applications they choose", stated Brad Winney, ClariFI's President and CEO. "While many of our clients already use the Northfield Risk Models today, this new level of integration with their Optimizer will further improve their portfolio construction process, decrease time-to-market and deliver an even greater competitive advantage in the marketplace."
Dan diBartolomeo, President at Northfield commented, "We are delighted to form this partnership with ClariFI. As the market continues to develop new and better delivery platforms for sophisticated analytics to assist portfolio managers and analysts, the ClariFI partnership will serve our mutual clients well."
About ClariFI
ClariFI™ provides software and services focused exclusively on helping quantitative portfolio managers and researchers decrease the time it takes to research, test and act on their alpha generating strategies, leading to greater operational efficiency, decreased time-to-market and a greater competitive advantage. Headquartered in Boca Raton, Fl, ClariFI counts four of the top five largest investment managers in the world, hedge funds of all sizes and proprietary trading desks at leading brokerage firms and banks as its clients. Additional information about ClariFI can be found at http://www.clarifi.com
About Northfield Information Services, Inc.
Northfield is a market leader in providing investment professionals analytical and operating efficiency tools to enhance individual portfolio and firm-wide performance. Founded in 1985, Northfield has developed open, analytical models to identify, measure and control risk. These risk models cover most marketable securities traded world-wide. Based upon sound investment theory, Northfield's products and services have stood the test of time from users within the global institutional investment community. To learn more, call 617-208-2050, or visit www.northinfo.com
Press Contacts:
Eric Soderberg
ClariFI
617-314-6938
esoderberg@clarifi.com
Nick Cutler
Northfield Information Services, Inc.
617-208-2040
cutler@northinfo.com
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