High-Performance Optimizer Enhances Market-leading Quant Investment Management Platform

NEW YORK, NY, August 5, 2008 – ClariFI^®, a Standard & Poor's Capital IQ business and leading provider of software and services focused on quantitative equity portfolio management and research, today announced the launch of ClariFI Portfolio Optimizer (CPO), a state-of-the-art mixed integer programming tool designed to help clients rapidly solve the most challenging real-world portfolio construction and rebalancing problems.

Based on the latest academic research and cutting-edge optimization technology, CPO delivers the full range of functionality and flexibility needed for modern portfolio managers to minimize business risk, increase operational efficiency, and improve strategic investment decision-making.

Key features include:

• Support for long-only or long/short portfolios
• Risk-constrained or risk-aversion optimization
• Non-linear transaction costs in the objective function
• Soft constraints on risk, turnover, exposure, and position size
• Borrowing costs in the objective function
• Threshold position and trade size constraints
• Position count constraints (Total, Long, and Short)
• Portfolio-level exposure constraints (Net, Long Gross, and Short Gross)

In addition, the optimizer is tightly integrated into the various components of ClariFI's flagship product ModelStation^®, including the Strategy Simulator, for accurate historical backtesting of strategies, and the new ClariFI Optimization Workflow, for creating production portfolios and trade lists.

Gioel Molinari, ClariFI's Founder and Managing Director said, "This latest offering adds even greater depth to ModelStation, delivering unmatched speed, accuracy, and adaptability to fulfill the needs of the ever-changing global investment management community." He continued, "We are constantly thinking of ways to leverage the latest technologies and research to better our product, and developing our own optimizer not only reflects the wishes of our current and prospective clients, but also naturally extends the capabilities of our market-leading quantitative analytics platform."

For additional information on ModelStation v3.4, plus a schedule of upcoming ClariFI events on successful 130/30 strategy implementation coming to a city near you, please visit www.clarifi.com.

About ClariFI and Capital IQ
ClariFI, a Standard & Poor's Capital IQ business, provides software and services focused exclusively on helping quantitative equity portfolio managers and researchers decrease the time it takes to research, test, and put into production their alpha generating strategies. 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. ClariFI's clients experience reduced operational risk, decreased time-to-market for their strategies, and a significant competitive advantage. 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).

Press Contacts:

Jennifer Kohler
ClariFI
857-383-5614
jkohler@clarifi.com

Michael Privitera
Standard & Poor's
212-438-6679
Michael_Privitera@standardandpoors.com