NEW YORK, NY -- (MARKET WIRE) -- 11/11/09 -- Morgan Stanley is the prime brokerage preferred by hedge fund managers with more than $1 billion in assets in the fifth annual Alpha Awards, which rank the top service providers as chosen by managers of hedge funds large and small.
The complete list of winning firms and analysts can be found on our web site, www.iimagazine.com.
BNP Paribas is the broker of choice among managers of funds with less than $1 billion.
The awards, which originated in Institutional Investor's sister publication Alpha and are being published for the first time in Institutional Investor this year, rank service providers in five broad categories: accounting, administration, law firms (onshore and offshore), and prime brokerage.
Administrators -- regardless of what size hedge funds they service -- report that business has never been more brisk, even though total hedge fund assets are still down about $400 billion from their 2008 peak of $1.9 trillion, according to Chicago-based Hedge Fund Research. The unprecedented $65 billion investment fraud perpetrated by Bernard Madoff underscored the importance of independent, third-party administration.
"Largely because of events such as Madoff and the collapse of Lehman, there's a drive from investors to see self-administered funds have third-party administration involved," says Cory Thackeray, head of Goldman Sachs' administrative services group, which is ranked No. 1 for a third straight year among managers of large hedge funds.
The financial crisis has also sparked a surge in business for law firms serving the hedge fund industry. With fund launches down precipitously and liquidations at record levels, restructuring has become the name of the game.
"This was a year in which you needed, as a hedge fund lawyer, to have not just legal experience but real business experience to add that value to clients," observes Steven Nadel, one of seven partners in the investment management group at Seward & Kissel, in first place as the onshore law firm of choice among managers of bigger hedge funds.
The complete list of winning firms and analysts can be found on our web site, www.iimagazine.com.
For more information about this ranking, please contact Michele Bickford at mbickford@iiresearchgroup.com or (212) 224-3360.
Contact: Michele Bickford mbickford@iiresearchgroup.com (212) 224-3360
Telenity and CIS Enable Zain Nigeria to Address Demand for Innovative Mobile Services
MONROE, Conn.--(BUSINESS WIRE)-- Telenity (www.telenity.com), a leading provider of next generation converged services platforms and applications for communications networks, announced today that Zain Nigeria has chosen Telenity's market leading Mobile Collect Call Application, Canvas(R) PayForMe(TM) for deployment in its network. Established in 2000, Zain Nigeria is one of the fastest growing operations of Zain Group in Africa. The Nigerian operator currently covers thousands of communities across the six geopolitical zones of the country and accounts for 20% of Zain Group's total revenues.
Telenity and its local partner CIS Nigeria will provide Zain Nigeria a mobile collect call system that supports 20 million subscribers. This new win, with yet another Zain Group operation, is a joint success of the two companies and is an affirmation to their commitment to the region and their mutual customers.
Canvas PayForMe, Mobile Collect Call Application also known as wireless reverse charge calling, provides mobile subscribers the opportunity to make calls even if they run out of credit or have a low balance in their prepaid accounts. By allowing the costs of the call to be charged to the called party pending subscriber consent, Canvas PayForMe helps operators increase their network usage and stimulate revenue generating calls that would not have been otherwise made.
Canvas PayForMe, Mobile Collect Call application will help Zain Nigeria remain competitive and continue to be the "first" to offer Nigerian subscribers leading innovative services that help improve their communications experience and lifestyles.
"We are proud to bring innovative mobile communication service to the vibrant and diverse Nigerian communities, even to customers across various social and economic spectrum," said Shamel Hanafi, Zain Nigeria's Chief Commercial Officer. "Our company's strategy has always been to deliver additional value to our customers by offering them services that truly support their lifestyles and we are very optimistic that Telenity's mobile collect call solution will help us achieve this. We were also impressed with the technical expertise and the local sensitivity that Telenity and CIS offered us during the selection process."
"The Mobile Collect Call solution deployment in Zain Nigeria is a significant strategic achievement for Telenity and our local partner CIS as it expands further our presence in Africa," said Ahmet Ozalp, Chief Executive Officer at Telenity. "We continue to invest in the rapidly growing Africa and the Middle East regions, where we are focusing on product-based solutions along with strong localized support from CIS to address the needs of our existing and future customers."
"Mobile collect call service is a great way for operators to increase their revenues by capturing traffic that they would otherwise lose while at the same time improving communications for their subscribers," said Charbel K. Bou-Eid, Managing Director at CIS Nigeria. "Together with Telenity, we are proud to collaborate with Zain Nigeria in making this value proposition a reality for both the operator and its subscribers."
About Telenity
Telenity is a leading provider of next generation converged services and applications for communications networks. Telenity's market ready software solutions include: integrated advanced messaging (SMS, MMS, USSD) applications, innovative value added services (personalized call management, mobile collect call, missed call notification, voice/video mail, multimedia ringback tones, location-based people finder); and reusable service delivery components (messaging gateway, 3rd party access gateway and location gateways) enabling rapid service creation and deployment. Headquartered in USA, Telenity's worldwide customer base includes network operators, service providers and application providers serving over 300 million customers. Telenity partners with global and regional network equipment providers, system integrators and computing platform manufacturers. Learn more about Telenity's Canvas(R) family of converged services solutions at www.telenity.com and download a copy of Telenity's online newsletter Telescope.
About CIS Group
CIS Group is a leading technology solutions provider to business and institutions and is part of an international group operating in Africa and the Middle East. CIS Group offers complete turnkey solutions integrating hardware, middleware and vertical solutions. Its responsibilities encompass the design, installation and after sales services of complex systems with multi-vendor configurations and project management. It is composed of experienced professionals with complementary skills in the field of data communication servicing a complete line of information systems solutions tailored to the needs of the African and Middle East market, totaling 30 countries and servicing 4000 customers. At the local level sales and support activities are carried out by selected local companies (+42 in Africa and Middle East).
CIS developed partnerships with worldwide leading ICT vendors to meet the needs of the different sectors (Finance, Telco, Government and Extended Manufacturing) in computing, software and networking equipment. For more information about CIS group please visit www.groupcis.com.
About Zain Group
Zain is a leading emerging markets player in the field of telecommunications aiming to become one of the top ten mobile operators in the world by 2011. Today it is the 4th largest mobile network in the world in terms of geographical footprint with commercial presence in 24 countries spread across the Middle East and Africa providing mobile voice and data services to 64.7 million active customers as at 31 March 2009.
Zain operates in the following countries: Bahrain, Burkina Faso, Chad, the Republic of the Congo, the Democratic Republic of the Congo, Gabon, Ghana, Iraq, Jordan, Kenya, Kuwait, Malawi, Madagascar, Niger, Nigeria, Saudi Arabia, Sierra Leone, Sudan, Tanzania, Uganda and Zambia. In Lebanon, the company manages the network on behalf of the government operating as mtc-touch. In Morocco, Zain in a joint venture, owns 31% of Wana Telecom. On May 18, 2009, Zain entered into a merger agreement with Palestinian Telecommunication Company Plc (Paltel) that will result in Zain attaining 56.5% of the company subjective to regulatory approvals.
Zain offers innovative services in its markets such as One Network, the world's first borderless mobile telecommunications network enabling customers to receive calls and SMS without charge and to make them at local rates throughout many countries in Africa and the Middle East. Customers can also top up their mobiles with airtime bought in their home country or from more than 1,000,000 outlets across 18 countries.
The Zain brand is wholly owned by Mobile Telecommunications Company KSC, which is listed on the Kuwait Stock Exchange (Stock ticker: ZAIN). Zain is listed in the Financial Times' Global 500 Index which ranks the world's largest companies based on market capitalization. For more, please visit www.zain.com.
Meet Telenity and CIS Executives at:
-- AfricaCom 2009, November 11-12, Cape Town, South Africa
-- 3G Middle East 2009, December 7-8, Dubai, UAE
Telenity and Canvas are registered trademarks of Telenity.
Source: Telenity
DALLAS and NEW YORK, Nov. 11 /PRNewswire-FirstCall/ -- Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, risk management and compliance software solutions, announced today that it would be showcasing its next-generation Unity Financial GRC Software Suite during three separate events being held in New York City this month.
-- Current Financial Reporting Issues (CFRI) Annual FEI Conference:
-- November 16-17
-- New York Marriott Marquis Times Square
-- Booth #108
-- XBRL US National Conference:
-- November 17-18
-- New York Marriott Marquis Times Square
-- Booth #6
-- First Annual Executive Knowledge Exchange:
-- November 19
-- Irish Consulate, New York City
-- To register, contact hilliary.opseth@trintech.com
Noted industry experts will be presenting and discussing the future and changing landscape of financial reporting for accounting professionals, auditors, financial managers, and other users of financial statements. The events coincide with Trintech's recent announcement of the Unity Xtensible Financial Reporting (XFR) solution, which includes embedded support for the report tagging and output of financial statements with XBRL. In support of these events Trintech has also published a new white paper entitled "Making the Business Case For Change" on how companies can make a business case for automation of critical processes in financial reporting. The white paper will be available to all attendees at each event, and can also be downloaded at http://www.Trintech.com/Change.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, risk management, and compliance software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech Press Contact:
Dallas: Dave Tomlinson - Director, Marketing
Tel. +1 972 739-1611. Email: dave.tomlinson@trintech.com
SOURCE Trintech Group Plc
FRANKFURT, November 11 /PRNewswire-FirstCall/ -- Frankfurt Airport's traffic figures continued on the recovery path during the reporting month of October 2009. Fraport AG registered about 4.6 million passengers at its Frankfurt Airport home base in October 2009, only slightly down by 1.9 percent year-on-year.
"October 2009 continued the positive trend in traffic development that we have seen during the course of the year," Fraport executive board chairman Dr. Stefan Schulte said. "Following a 10.9 percent drop in passenger traffic in the first quarter, the decline shrank to 5.6 percent in the second quarter and narrowed to only 2.8 percent by the third quarter. October 2009 figures indicated that the decline in traffic is increasingly lessening." One of factors contributing to this improvement is intercontinental traffic, which recorded particularly strong growth on the Asia and Central Africa routes.
FRA's airfreight tonnage improved even more noticeably in October 2009. "Airfreight is an important early indicator of how the worldwide economy is developing. For the first time since June 2008, this traffic segment recorded growth at FRA in October 2009 - reaching
177,945 metric tons or a plus of 0.7 percent," explained Schulte. The major growth drivers included European traffic (up 18 percent) as well as Frankfurt Airport's important North America market (up slightly by 1.1 percent).
FRA's aircraft movements fell by 4.4 percent to 40,674 takeoffs and landings in the reporting month, while maximum takeoff weights (MTOWs) slipped by 3.9 percent year-on-year to 2.4 million metric tons.
The Fraport Group's majority-owned airports progressed overall. In October 2009, these six airports welcomed about 7.5 million passengers - only 0.1 percent fewer passengers year-on-year. In particular, Peru's Lima Airport (LIM) and Turkey's Antalya Airport (AYT) - where Fraport is now operating both international terminals as well as the domestic terminal - provided positive stimulus to the total traffic results. LIM served about 772,000 passengers (up 6.8 percent) and AYT welcomed about two million passengers (up 2.7 percent).
Print-quality photos of Frankfurt Airport and Fraport AG are available free for downloading via the Internet at http://www.fraport.com (Menu: select Press Center > then Photo Service). For TV news and information broadcasting purposes only, we also offer free footage material for downloading via http://fraport.cms-gomex.com.
Frankfurt Airport's Traffic Figures - October 2009
October Change (2) Change (2)
2009 Oct. 09/ Jan. - Oct. Jan. - Oct.
Oct. 08 2009 09/08
Passengers (1) 4,626,845 -1.9 % 43,187,821 -5.7 %
Airfreight (1)
in metric tons 177,945 0.7 % 1,474,602 -14.9 %
Airmail
in metric tons 6,885 -8.2 % 63,360 -13.7 %
Aircraft Movements
(3) 40,674 -4.4 % 388,793 -5.4 %
MTOWs
in metric tons 2,391,187 -3.9 % 22,752,277 -5.1 %
Punctuality
share of punctual
arrivals
and departures in
percent 78 81.4
---------------------------------
(1) Total traffic (arrivals + departures + transit)
(2) Change over previous year
(3) Excluding military flights
Fraport Group - Traffic Figures for October 2009
Airports Cargo in
metric Aircraft
Passengers(1) Change tons abs. Change Movements Change
(+ absolute
absolute in % airmail) in % in %
Frankfurt (FRA) 4,626,179 -1.9 181,687 -0.1 40,674 -4.4
Antalya (AYT)(2) 1,991,986 2.7 n.a. n.a. 13,713 4.4
Burgas (BOJ) 29,779 -27.4 7 -92.6 735 -0.4
Lima (LIM)(3) 771,969 6.8 25,524 14.4 9,175 9.4
Varna (VAR) 51,427 -16.3 5 -35.5 791 -14.0
Fraport Group 7,471,340 -0.1 207,223 1.5 65,088 -1.0
---------------------------------
(1) Passengers (commercial traffic: arrivals + departures + transit)
(2) As of October 2009 includes all passenger terminals (adjusted base-year value 2008)
(3) Figures provided by LIM
For Further Information, Please Contact:
Fraport AG Frankfurt Airport Services Worldwide
Robert A. Payne, B.A.A. - Sr. Manager International Press
Press Office (Dept. UKM-PS), Corporate Communications (UKM)
60547 Frankfurt am Main, Federal Republic of Germany
Tel.: +49-69-690-78547; Fax: +49-69-690-60548;
E-mail: r.payne@fraport.de; Internet: http://www.fraport.com
SOURCE Fraport AG
BreezeMAX(R) Extreme 5000 to power wireless broadband connectivity for metropolitan Adelaide
TEL AVIV, Israel--(BUSINESS WIRE)-- Alvarion Ltd. (NASDAQ: ALVR), the world's leading provider of WiMAX and wireless broadband solutions, today announced it has been selected by Adam Internet to deploy a WiMAX network across metropolitan Adelaide, Australia. Adam Internet is building a wireless broadband network as part of the Australian government's Broadband Guarantee Program aimed at providing services to all Australian residents. The network will deliver high-speed broadband services to subscribers across an approximate 5000 square kilometer area of metropolitan Adelaide.
Adelaide is widely spread geographically with significant pockets of residential and business premises that lack access to conventional broadband services. Working with the Australian Broadband Guarantee program, which provides qualifying applicants with a subsidy to connect to this service, and the South Australian State Government which has provided seed funding to assist in the infrastructure build, Adam Internet has commenced deployment .
Alvarion is working closely with Adam Internet and expects that the deployment in 14 wireless service areas will be complete in about one year providing maximum coverage across metropolitan Adelaide. It is expected that up to 55,000 residential and business premises will benefit from the provision of this service and will elevate Adelaide above the national Australian average for Broadband penetration.
"Adam Internet aims to bring broadband services to people and businesses who are faced with a very limited choice in the market today. WiMAX offers a high-capacity network that is quick to deploy and very economical to operate," said Greg Hicks, chairman of Adam Internet. "The excellent performance results of BreezeMAX Extreme 5000 coupled with its compact flexible outdoor design configuration enables us to significantly reduce our upfront network investment and accelerate our return on investment. Alvarion's expertise in delivering our specific requirements makes them an ideal partner for this project."
WiMAX technology enables lower cost high speed broadband data applications over extended coverage areas for many types of business models. Alvarion's WiMAX solutions are very widely deployed all over the world in over 100 countries.
"We are excited to partner with Adam Internet for this important deployment across metropolitan Adelaide," said Tzvika Friedman, president and CEO of Alvarion. "Residents and businesses will now have access to innovative WiMAX services. Our feature-rich BreezeMAX Extreme WiMAX offering will create new business opportunities for Adam Internet and will allow them to grow their business very quickly."
Alvarion's outdoor WiMAX products provide a low energy solution through the use of advanced amplifiers and natural air-flow for cooling. These products have a smaller environmental footprint due to the lower energy consumption, which makes it possible to power them by low maintenance alternative energy solutions, such as solar power, resulting in significantly lower operational expenses for network operators.
About Adam Internet
Adam Internet is a South Australian company based in Adelaide with over 20 years experience as a leading Internet Service Provider. The company is privately owned and locally operated and delivers data solutions with superior customer service to over 80,000 residential, business and Government clients.
Adam Internet is rated within the top ten largest ISPs in Australia and yet remains steadfastly focused and centered in Adelaide. In particular, 2009 has brought significant and continued growth for Adam Internet with the construction of a $6 million Tier 3 Data Centre and the commencement of the WiMax network in conjunction with Alvarion Ltd.
About Alvarion
Alvarion (NASDAQ: ALVR) is the largest WiMAX pure-player with the most extensive WiMAX customer base and over 250 commercial deployments around the globe. Committed to growing the WiMAX market, the company offers solutions for a wide range of frequency bands supporting a variety of business cases. Through its OPEN WiMAX strategy, superior IP and OFDMA know-how, and ability to deploy end-to-end turnkey WiMAX projects, Alvarion is shaping the new wireless broadband experience (www.alvarion.com).
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Alvarion's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: potential impact on our business of the current global recession; Alvarion's inability to capture market share in the expected growth of the WiMAX market as anticipated, due to, among other things, competitive reasons or failure to execute in our sales, services provisioning, marketing or manufacturing objectives; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to establish and maintain relationships with commerce, advertising, marketing, and technology providers, and other risks detailed from time to time in the Company's 20-F Annual Report Risk Factors section as well as in other filings with the Securities and Exchange Commission.
Information set forth in this press release pertaining to third parties has not been independently verified by Alvarion and is based solely on publicly available information or on information provided to Alvarion by such third parties for inclusion in this press release. The web sites appearing in this press release are not and will not be included or incorporated by reference in any filing made by Alvarion with the Securities and Exchange Commission, which this press release will be a part of.
You may request Alvarion's future press releases or a complete Investor Kit by contacting Kika Stayerman, kika.stayerman@alvarion.com or +972.3.767.4159.
Alvarion and all names, product and service names referenced herein are either registered trademarks, trademarks, trade names or service marks of Alvarion Ltd. in certain jurisdictions.
"WiMAX Forum" is a registered trademark of the WiMAX Forum. "WiMAX," the WiMAX Forum logo, "WiMAX Forum Certified" and the WiMAX Forum Certified logo are trademarks of the WiMAX Forum.
Source: Alvarion Ltd.
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