Quasar Capital Management Launches in Paris using Imagine Software

Imagine provides key risk capabilities for new hedge fund

NEW YORK, May 4, 2009—Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced Paris-based Quasar Capital Management had selected its award-winning Derivatives.com service for use with the firm’s new hedge fund.

Imagine has been up and running at Quasar since the launch of the firm’s Orion fund in December of last year. Jerome Barraquand, co-founder of Quasar, stated “Our flagship Orion fund uses a diverse mix of futures across assets classes, fixed income instruments and derivatives. Hence, a robust, high-performance real-time portfolio and risk solution is necessary.”

Barraquand noted his firm had conducted thorough due diligence on available vendor solutions. “Imagine’s Derivatives.com service stood out from other vendors’ product offerings because of several factors. First and foremost, it is a powerful real-time portfolio and risk solution that is also cost-effective. The fact that it is an affordable ASP service means we were able to avoid the major investment in IT support traditionally associated with institutional-grade solutions. Fast implementation time measured in weeks was certainly attractive to us, as well. We were also pleased by the customization capabilities of the system, which enable us to devise our own performance and risk measures.”

According to Barraquand, “The final factor that convinced us to take on Imagine was the data management component that is an integral part of the Derivatives.com offering. The value Imagine provides by including corporate actions processing, a security master, live market data and prices, curves, volatility and correlation data, for example, is substantial and results in further resource savings for us.”

Yvonne Dahl, Director of Sales and Marketing at Imagine, said: “Quasar’s business team is a great example of a new hedge fund utilizing technology to improve its ability to execute its investment strategy and prepare for growth. We look forward to supporting their business plans every step of the way.”

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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 solution available as an enterprise application or as an on-demand, ASP-based platform at Derivatives.com. Developed for alternative investment companies of all sizes, Derivatives.com combines proven enterprise functionality with comprehensive data management and automates key business processing services.

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.derivatives.com or contact us at 212-317-7600.

About Quasar Capital Management

Quasar Capital Management is an investment company set up in May 2008 focusing on managing absolute return strategies using quantitative market models. The company has been running managed accounts since November 2008 as well as the Orion fund since December 2008. The current firm assets are USD 30 million. The investment objective is to maximize expected return using a diversified portfolio of liquid, transparent, and scalable quantitative absolute return strategies focusing on major markets.

Quasar seeks to achieve effective diversification through a disciplined risk management methodology and a portfolio allocation process focused on the minimization of drawdowns. Quasar currently uses two distinct investment styles: Low-Frequency Index Statistical Trading and Global Macro. Those strategies are applied in equity and commodity indices, foreign exchange, and fixed income markets.