Mountaineer Partners Implements Imagine's Cloud-Based Portfolio and Risk Management Solution

NEW YORK, May 1, 2012 – Mountaineer Partners Management LLC, a new event-driven long/short hedge fund, today announced the implementation of Imagine's powerful, cloud-based ASP service for its fund launched in 2012. Based in New York, Mountaineer primarily trades equity, distressed debt, and related instruments.

Mark Lee, founder of Mountaineer, commented: "Last year, when Mountaineer started thinking about a comprehensive risk management solution, we were attracted to Imagine's reputation within our organization and throughout the industry at large. In addition to equity and distressed debt instruments, we needed a system that could handle equity derivatives, CDS, converts, preferreds, and futures. Imagine was more than capable of supporting all the asset classes we required."

Following implementation, which concluded at the beginning of this year, Imagine now provides the firm with real-time P&L, exposure analysis, robust overall risk management capabilities, and comprehensive data management. Imagine streamlines the trade life cycle by acting as a conduit between Mountaineer's execution management system, prime broker and fund administrator.

Imagine also features an ultra-secure and reliable cloud-based software solution that is sophisticated yet easy-to-use. It now provides Mountaineer with all the institutional-grade functionality and scalability needed to support the fund's anticipated growth.

Yvonne Dahl, Global Director of Sales and Marketing at Imagine, said, "We greatly appreciate Mountaineer's selection of Imagine. Their choice is a firm validation of our product and service offerings, and we are pleased to help sustain Mountaineer's growth objectives by providing the support they need for superior decision-making and maximum operating efficiency."

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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 system available as a cloud-based ASP solution or an enterprise application. Developed for alternative investment companies of all sizes, Imagine combines proven institutional-grade capabilities with comprehensive data management and automates key business processing services. A powerful blend of fast time-to-market, comprehensive functionality, and easy scalability makes Imagine a natural solution for new or rapidly growing businesses that need to satisfy ever-growing investor expectations while avoiding the resource commitments normally associated with enterprise-class systems.

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.imaginesoftware.com, contact us at +1 212-317-7600, or follow us on Twitter and LinkedIn.

About Mountaineer Partners

Mountaineer is an opportunistic hedge fund firm focused on value and event investments, long and short, in equity and distressed debt and related instruments. Founder Mark Lee leads a team of five experienced hedge fund professionals. The firm launched its inaugural hedge fund in January 2012.