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Asset Alliance Joint Venture With Prospect 33 To Market Its PARS Risk Transparency System.

Asset Alliance Corporation, a New York and London based Investment Management Company, announced today its agreement with Prospect 33, a New York and London based Information Technology Consulting practice, to co-market and offer to interested parties Asset Alliance's internally developed risk transparency software called PARS - Position Aggregation and Reporting System.

"This highly developed software combines position aggregation with reporting functionalities and thus allows risk managers and analysts to extract more value from position level transparency," said Elliot Noma, PhD, the Chief Risk Advisor to Asset Alliance Corporation.

Having successfully developed and used PARS internally for several years, Asset Alliance is now making it available to other investment management firms as a product that works with position level transparency to portfolios of multiple accounts. The system allows users to download, on a daily basis, portfolio holdings from multiple prime broker accounts and produces a variety of user friendly reports designed to better understand and monitor risk exposures on an account and firm-wide basis.

Prospect 33 will provide technical support to the users of PARS and will offer a high level of customization of the system to meet each client's unique portfolio monitoring needs. Prospect 33 is a leading provider of information technology and consulting services to the investment management firms.