The following is an excerpt from an article that appeared in Hedge Fund & Investment Technology. For the complete article visit http://www.watersinfo.com/news/bsit/index_home.asp.

Jeremy Evnine, founder, Evnine Associates was quoted as saying:

"First and foremost, Iris Hedge Fund Manager is a complete solution- it gives us all the functionality we need day-to-day and gives us the ability to grow and change within our extremely fast-moving marketplace.

Iris' technology strategy enables us to concentrate on what we do best - generating returns.  We can leverage the full power of Iris Hedge Fund Manager, while investing very little effort in managing the technology itself. Even relatively large hedge funds like ours are lean and nimble - we can't be held hostage to rigid, hard-coded applications that don't move as quickly as we need them to.

The other critical aspect of the Iris Hedge Fund Manager is its ability to help us be innovators in our market - to deliver ever better returns we need to constantly develop new and innovative investment strategies - Iris Hedge Fund Manager's inherent flexibility and ability to evolve is a key factor in that innovation."