Euromoney Institutional Investor PLC Launches a New Hedge Fund Service - AR: Absolute Return + Alpha

NEW YORK, NY--(Marketwire - September 9, 2009) - The newly launched hedge fund publication AR: Absolute Return + Alpha (AR) will feature a fresh and much needed link between the hedge fund industry, its users and those who provide advisory, financial, and technological services to the sector. Industry rankings and profiles that Alpha and Absolute Return were notable for will be the mainstays of the new magazine.

See www.absolutereturn-alpha.com for more information.

"The publication will communicate the same informed, insightful, and exclusive reporting that characterized both Alpha and Absolute Return, making AR the definitive title for the hedge fund industry," said Michelle Celarier the Editor of AR.

AR: Absolute Return + Alpha is a publication of Institutional Investor and HedgeFund Intelligence, divisions of Euromoney Institutional Investor, the international publishing and information company.

The inaugural edition of AR: Absolute Return + Alpha unveils The Hedge Fund Report Card, which ranks the top 50 hedge funds on key criteria of concern to investors, based on a poll of institutional investors and funds of funds.

Investors were asked to rate the top 50 firms in the Billion Dollar Club in which they are invested by considering the following factors -- alignment of interest, alpha generation, independent oversight, infrastructure, liquidity terms and transparency.

Bridgewater ranks highest among investors when all six factors are looked at collectively. Tudor Investment Corp. and Paulson & Co. followed in second and third place, respectively, with Highbridge Capital and Taconic Capital Advisors rounding out the top five spots.

"This survey reveals that alignment of interests is the top investor concern, even above alpha generation," said Michelle Celarier, the editor of AR. "This speaks to the changed power dynamics between managers and investors, who have more clout than ever before."

The Billion Dollar Club report, which ranks the largest hedge funds in the Americas (those with more than $1 billion in assets under management), shows that the industry's pace of decline at the top hedge funds has slowed dramatically since January. Complete results can be viewed on the web site www.absolutereturn-alpha.com.

TOP TEN U.S. HEDGE FUND FIRMS - JULY 2009 ARE POSTED ONLINE AT www.absolutereturn-alpha.com.

Note for editors:

Euromoney Institutional Investor PLC is listed on the London Stock Exchange and a member of the FTSE-250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 magazines, newsletters and journals, including Euromoney, Institutional Investor, and Metal Bulletin. It also runs an extensive portfolio of conferences, seminars and training courses and is a leading provider of electronic information and data covering international finance, metals and emerging markets. Its main offices are in London, New York, Montreal and Hong Kong, and nearly half its revenues are derived from emerging markets.

Contact Information: For further information: Michelle Celarier Editor, AR 212-224-3021 mcelarier@absolutereturn.net