HFN Launches Quantitative Tool for Ranking Hedge Funds and Funds of Funds

NEW YORK--(Business Wire)--
HedgeFund.net has launched the HFN Multi-Factor Ranking Model to
allow hedge fund investors to screen for the best relative ranked
funds in the HFN database of 8,300+ hedge funds, funds of funds and
CTA/managed futures products. The tool is available to accredited
investors registered on www.HedgeFund.net as Premium Subscribers.

HFN's new online tool creates a relative ranking of the hedge
funds, funds of funds or CTA/Managed Futures products in the HFN
database by four quantitative measures and allows for users to modify
the factor weightings, minimum fund inception time horizons and/or
asset sizes of funds.

From Donald C. Cacciapaglia, CEO and Chairman of HedgeFund.net,
"The Multi-Factor Ranking tool enables investors to narrow their
search for hedge funds which historically have matched their preferred
risk and return characteristics. The combination of this powerful tool
with the world's largest and most current hedge fund database provides
HFN subscribers an unparalleled advantage."

The four factors take into account fund performance, risk adjusted
performance, downside volatility and historical maximum loss. Users
may weight each factor from 5% to 95% and select two, three or four
factors with total weighting equal to 100%. Funds are ranked by the
weighted sum of their relative rank for each factor selected. Funds
with the lowest weighted sum are ranked highest.

For inclusion in the relative ranking tables funds must represent
a minimum of $15mm in AUM, at least 12 months of performance history
since inception and report performance and assets to HFN within one
month of month's end. Rankings are updated the first of each month for
the month prior and will remain visible until the following first of
the month.

To inquire about a one-year Premium Access subscription for
$195.00, email ais@hedgefund.net or call +1.212.230.2211 to speak with
a relationship manager.

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 access
to an online database of more than 8,300 hedge funds, funds of funds
and CTA/managed futures products. HFN serves a rapidly growing user
base of more than 33,000 accredited investors worldwide.

Past performance is not necessarily indicative of future results.
All investments in securities involve risk of loss, and investors in a
hedge fund could lose all or a portion of their investment. As a
result, hedge fund investors should be aware of their risk tolerance
level, their overall investment risk, and their financial situation at
all times.

Rankings are based on information reported by each hedge fund.
That information is not independently verified by Hedgefund.net, and
Hedgefund.net does not provide investment advice about any hedge fund.
Anyone considering investment in any hedge fund should conduct their
own due diligence and review all available information about that fund
carefully to determine whether that fund is a suitable investment for
them.

HedgeFund.net
Peter Laurelli, CFA
Vice President
Channel Capital Group Inc.
212-230-2216
plaurelli@hedgefund.net

Copyright Business Wire 2008