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href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Deuro&amp;sec=
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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border=3D0><BR></SPAN></DIV></TD></TR></TBODY></TABLE></TD></TR>
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href=3D"javascript:STB('C03')"=20
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src=3D"http://www.hedgeworld.com/images/main/menu_arrow_d.gif"=20
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target=3D_self><FONT=20
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color=3D#ffffff><U>Asia/Australia</U></FONT></A></TH></TR>
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href=3D"http://www.hedgeworld.com/news/region.cgi?region=3Dasia"><B>All=20
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height=3D1=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
                              width=3D"100%" border=3D0><BR><IMG =
height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
                              width=3D"100%" border=3D0><BR>&nbsp;<A=20
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href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dasia&amp;sec=
t=3Ddail"><B>Daily=20
                              News</B></A><BR><IMG height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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height=3D1=20
                              =
src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
                              width=3D"100%" border=3D0><BR><IMG =
height=3D3=20
                              =
src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
                              width=3D"100%" border=3D0><BR>&nbsp;<A=20
                              =
href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dasia&amp;sec=
t=3Dlegl"><B>Regulatory/Legal</B></A><BR><IMG=20
                              height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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height=3D1=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
                              width=3D"100%" border=3D0><BR><IMG =
height=3D3=20
                              =
src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
                              width=3D"100%" border=3D0><BR>&nbsp;<A=20
                              =
href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dasia&amp;sec=
t=3Dpeop"><B>Strategies/Analysis</B></A><BR><IMG=20
                              height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
                              width=3D"100%" border=3D0><BR><IMG =
height=3D1=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
                              width=3D"100%" border=3D0><BR><IMG =
height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
                              width=3D"100%" border=3D0><BR>&nbsp;<A=20
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href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dasia&amp;sec=
t=3Dtech"><B>Technology</B></A><BR><IMG=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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height=3D1=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
                              width=3D"100%" border=3D0><BR><IMG =
height=3D3=20
                              =
src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
                              width=3D"100%" border=3D0><BR>&nbsp;<A=20
                              =
href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dasia&amp;sec=
t=3Dedsk"><B>Opinion</B></A><BR><IMG=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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height=3D1=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
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height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dasia&amp;sec=
t=3Dwhat"><B>People</B></A><BR><IMG=20
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href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dasia&amp;sec=
t=3Dindx"><B>Indexes</B></A><BR><IMG=20
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height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
                              width=3D"100%" border=3D0><BR>&nbsp;<A=20
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href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dintl&amp;sec=
t=3Dlegl"><B>Regulatory/Legal</B></A><BR><IMG=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
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height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dintl&amp;sec=
t=3Dpeop"><B>Strategies/Analysis</B></A><BR><IMG=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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height=3D1=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
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height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
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height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
                              width=3D"100%" border=3D0><BR>&nbsp;<A=20
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href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dintl&amp;sec=
t=3Dedsk"><B>Opinion</B></A><BR><IMG=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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height=3D1=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
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height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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t=3Dwhat"><B>People</B></A><BR><IMG=20
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height=3D1=20
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src=3D"http://www.hedgeworld.com/images/main/dot_gray.gif"=20
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height=3D3=20
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src=3D"http://www.hedgeworld.com/images/main/spacer.gif"=20
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href=3D"http://www.hedgeworld.com/news/reg_sect.cgi?region=3Dintl&amp;sec=
t=3Dindx"><B>Indexes</B></A><BR><IMG=20
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                  <DIV class=3DartTitle>Prime Brokers Warm to =
Multiplicity=20
                  <BR></DIV><SPAN class=3Dnwsstry02>By Jacob Bunge, =
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                  class=3Dnwsstry03>Thursday, August 02, =
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                        width=3D8 align=3Dright border=3D0> <SPAN =
class=3Dnwsstry04>NEW=20
                        YORK (HedgeWorld.com)=97The prime brokerage =
industry has=20
                        taken the first tentative steps toward =
accommodating=20
                        hedge funds' use of multiple prime brokers. =
Citigroup=20
                        and Credit Suisse Group are partnering with =
financial=20
                        technology companies to develop multi-prime =
platforms.=20
                        These platforms are the first of a new =
generation,=20
                        according to Sameer Shalaby, chief executive of =
Paladyne=20
                        Systems Inc., which worked with Credit Suisse on =
the=20
                        creation of its Advanced Prime platform.=20
                        <P>With the June launch of Advanced Prime, =
"Credit=20
                        Suisse is starting to be more like a storefront =
with a=20
                        lot of services, which they can take to a hedge =
fund and=20
                        say =91we'll take all these problems off your =
hands =85 you=20
                        can focus on alpha generation, and we'll help =
you with=20
                        everything else,'" Mr. Shalaby said. This, he =
added, is=20
                        the mission of multi-prime platforms=97to become =
a strong,=20
                        trusted partner for hedge funds.=20
                        <P>Perhaps now, more than ever, hedge funds need =
such a=20
                        partner. A Paladyne report titled "The Next =
Generation=20
                        Prime Broker" checks off a laundry list of =
recent hedge=20
                        fund headaches: high-profile blowups leading to =
calls=20
                        for greater transparency, the ongoing need to =
upgrade=20
                        fund operations and infrastructure and the hunt =
for=20
                        alpha-driving managers into emerging markets and =

                        hard-to-value instruments. This leaves managers =
with a=20
                        choice between bolstering their own =
infrastructure, a=20
                        costly proposition, or increasing their reliance =
on=20
                        third-party service providers like =
administrators and=20
                        prime brokers.=20
                        <P>Which isn't to say things are peachy for the =
prime=20
                        brokers. The business has proven profitable =
enough for=20
                        investment banks that more and more mid-sized=20
                        institutions have jumped into the pool, and as a =
result=20
                        the market share for the largest prime brokers =
has=20
                        fallen to 70% from 80% in the last decade. The =
authors=20
                        of the Paladyne report wrote that they expect =
this to=20
                        continue. The biggest prime brokers, Goldman =
Sachs &amp;=20
                        Co. and Morgan Stanley, have fortified their =
positions=20
                        with full-service offerings, and other prime =
brokers=20
                        have played catch-up in recent years, often =
through=20
                        acquisitions of hedge fund administrators <A=20
                        =
href=3D"http://www.hedgeworld.com/news/read_news.cgi?section=3Dpeop&amp;s=
tory=3Dpeop3119.html">Previous=20
                        HedgeWorld Story</A>.=20
                        <P>Still, hedge funds make no secret of their =
preference=20
                        for using multiple prime brokers to gain greater =

                        bargaining power for fees and services, spread =
out=20
                        trading activity and gain access to asset =
class-specific=20
                        expertise. Currently, three seems to be the =
magic=20
                        number. Mr. Shalaby said he found that funds =
would have=20
                        one prime broker that focuses on the bulk of the =
firm's=20
                        business, another in Europe or Asia to lend a =
global=20
                        presence and a third that is specialized in an =
area like=20
                        emerging markets, commodities or credit.=20
                        <P>The industry may be undergoing a reversion to =
this=20
                        new mean. While his firm conducted research for =
the=20
                        report, Mr. Shalaby said they found that the =
biggest=20
                        funds=97$1 billion and above=97were starting to =
reduce the=20
                        number of prime brokers with which they worked =
to half a=20
                        dozen from more than 10, while smaller funds =
look to add=20
                        prime brokers as they grow.=20
                        <P>But for those funds hoping to add a second or =
third=20
                        prime broker, it's difficult if they're heavily =
reliant=20
                        on their first prime broker's technology. It =
doesn't get=20
                        any easier for larger funds that already deal =
with a=20
                        half-dozen prime brokers. In the past, some =
prime=20
                        brokers have offered "hearsay reporting" as an =
option to=20
                        select clients, essentially aggregating all of a =
fund's=20
                        trading data onto the main prime broker's =
platform. But=20
                        this is an operational headache for the main =
prime=20
                        broker, and funds are reluctant to have their =
entire=20
                        portfolio view concentrated in the hands of one=20
                        institution=97particularly if that institution =
runs its=20
                        own proprietary trading desk. Mr. Shalaby said =
that he=20
                        found very few funds making use of this =
function.=20
                        <P>"In truth, prime brokers are trying to adapt =
to=20
                        changing market forces, but they are not moving =
fast=20
                        enough," the authors wrote in the Paladyne =
report.=20
                        "There is a significant shortfall in their =
ability to=20
                        offer broker-independent technology and related=20
                        services, and given today's reality, few hedge =
funds=20
                        will want to work with a single prime broker in =
the=20
                        future."=20
                        <P>Hence, the arrival of the first multi-prime=20
                        platforms. Last summer Citigroup partnered with =
Linedata=20
                        Services Inc. to launch OpenPrime, a multi-prime =
broker=20
                        platform, the goal of which is to provide =
nascent=20
                        portfolio managers with a "hedge fund in a box" =
<A=20
                        =
href=3D"http://www.hedgeworld.com/news/read_news.cgi?section=3Dtech&amp;s=
tory=3Dtech3418.html">Previous=20
                        HedgeWorld Story</A>. The offering leverages=20
                        administration functions from Forum Financial =
Group,=20
                        which Citigroup acquired in December 2003.=20
                        <P>Citigroup earned the right to claim the first =
true=20
                        multi-prime broker platform, but in a December =
2006=20
                        report, the financial services and advisory firm =
The=20
                        Tower Group Inc. expressed reservations, noting =
that the=20
                        technology was hosted by Citigroup and not =
Linedata.=20
                        "While it does offer a viable multi-prime =
solution, the=20
                        hosting location will do nothing to allay the =
concerns=20
                        by some hedge fund managers that arise from =
giving=20
                        access to their entire book to one prime =
broker," the=20
                        Tower Group authors wrote. "However, as a =
growing fund=20
                        administrator, Citigroup is in a good position =
to dispel=20
                        those concerns."=20
                        <P>The Credit Suisse/Paladyne multi-prime =
solution,=20
                        Advanced Prime, launched in June after a year of =

                        development <A=20
                        =
href=3D"http://www.hedgeworld.com/news/read_news.cgi?section=3Dtech&amp;s=
tory=3Dtech3513.html">Previous=20
                        HedgeWorld Story</A>. Like OpenPrime, Advanced =
Prime=20
                        offers all the usual prime brokerage operational =
and=20
                        technology services, as well as middle- and =
back-office=20
                        support through Bangalore, India-based fund=20
                        administrator Viteos Capital Markets Ltd. Viteos =

                        announced a partnership with Credit Suisse =
earlier this=20
                        summer <A=20
                        =
href=3D"http://www.hedgeworld.com/news/read_news.cgi?section=3Ddail&amp;s=
tory=3Ddail13965.html">Previous=20
                        HedgeWorld Story</A>. Unlike OpenPrime, =
Paladyne's=20
                        partnership with Credit Suisse finds the =
technology firm=20
                        hosting the solution outside of Credit Suisse's=20
                        infrastructure.=20
                        <P>Such multi-prime platforms=97broker-neutral =
technology=20
                        managed by an independent provider, with middle- =
and=20
                        back-office services from third-party partners =
branded=20
                        or white-labeled by the prime broker=97are the =
wave of the=20
                        future, according to Mr. Shalaby and the authors =
of the=20
                        Paladyne report. "The next generation prime =
broker will=20
                        be more of a pure trading partner with its =
clients and=20
                        will couple with a complete service offering =
reflective=20
                        of the growing sophistication of the industry =
and the=20
                        infrastructural requirements needed by today's =
hedge=20
                        funds."=20
                        <P><A=20
                        =
href=3D"mailto:jbunge@hedgeworld.com">JBunge@HedgeWorld.com</A>=20
                        </SPAN><BR></P></TD>
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#hwlink08 A:link {
	COLOR: #085aaf; TEXT-DECORATION: none
}
#hwlink08 A:visited {
	COLOR: #085aaf; TEXT-DECORATION: none
}
#hwlink08 A:active {
	COLOR: #ff6600; TEXT-DECORATION: none
}
#hwlink08 A:hover {
	COLOR: #085aaf; TEXT-DECORATION: none
}
#hwlink09 A:link {
	COLOR: #666666; TEXT-DECORATION: none
}
#hwlink09 A:visited {
	COLOR: #666666; TEXT-DECORATION: none
}
#hwlink09 A:active {
	COLOR: #ff6600; TEXT-DECORATION: none
}
#hwlink09 A:hover {
	COLOR: #085aaf; TEXT-DECORATION: none
}
#hwlink10 A:link {
	COLOR: #333333; TEXT-DECORATION: none
}
#hwlink10 A:visited {
	COLOR: #333333; TEXT-DECORATION: none
}
#hwlink10 A:active {
	COLOR: #085aaf; TEXT-DECORATION: none
}
#hwlink10 A:hover {
	COLOR: #085aaf; TEXT-DECORATION: none
}
#hwlink11 A:link {
	COLOR: #ff6600; TEXT-DECORATION: none
}
#hwlink11 A:visited {
	COLOR: #ff6600; TEXT-DECORATION: none
}
#hwlink11 A:active {
	COLOR: #ff6600; TEXT-DECORATION: none
}
#hwlink11 A:hover {
	COLOR: #ff6600; TEXT-DECORATION: none
}

------=_NextPart_000_0000_01C7D501.A8285E90
Content-Type: application/x-css
Content-Transfer-Encoding: quoted-printable
Content-Location: http://www.hedgeworld.com/javascript/menu.css

BODY {
	MARGIN: 0px
}
#menubar {
	CLEAR: both; BORDER-RIGHT: #efefe7 1px solid; PADDING-RIGHT: 6px; =
BORDER-TOP: #efefe7 1px solid; PADDING-LEFT: 6px; Z-INDEX: 400; LEFT: =
0px; PADDING-BOTTOM: 6px; BORDER-LEFT: #efefe7 1px solid; PADDING-TOP: =
6px; BORDER-BOTTOM: #efefe7 1px solid; WHITE-SPACE: nowrap; POSITION: =
absolute; TOP: 109px; BACKGROUND-COLOR: #efefe7
}
.buttons {
	BORDER-RIGHT: #316563 1px solid; PADDING-RIGHT: 16px; BORDER-TOP: =
#316563 1px solid; DISPLAY: block; PADDING-LEFT: 16px; FONT-WEIGHT: 700; =
FONT-SIZE: 11px; Z-INDEX: 300; FLOAT: left; PADDING-BOTTOM: 1px; MARGIN: =
1px; BORDER-LEFT: #316563 1px solid; CURSOR: default; COLOR: #ddeeff; =
PADDING-TOP: 1px; BORDER-BOTTOM: #316563 1px solid; FONT-FAMILY: arial, =
helvetica; BACKGROUND-COLOR: #316563; TEXT-DECORATION: none
}
.buttonsOver {
	BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 16px; BORDER-TOP: =
#000000 1px solid; DISPLAY: block; PADDING-LEFT: 16px; FONT-WEIGHT: 700; =
FONT-SIZE: 11px; Z-INDEX: 300; FLOAT: left; PADDING-BOTTOM: 1px; MARGIN: =
1px; BORDER-LEFT: #000000 1px solid; CURSOR: default; COLOR: #eef; =
PADDING-TOP: 1px; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: arial, =
helvetica; BACKGROUND-COLOR: #316563; TEXT-DECORATION: none
}
.buttonsDown {
	BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 16px; BORDER-TOP: =
#000000 1px solid; DISPLAY: block; PADDING-LEFT: 16px; FONT-WEIGHT: 700; =
FONT-SIZE: 11px; Z-INDEX: 300; FLOAT: left; PADDING-BOTTOM: 1px; MARGIN: =
1px; BORDER-LEFT: #000000 1px solid; CURSOR: default; COLOR: #eef; =
PADDING-TOP: 1px; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: arial, =
helvetica; BACKGROUND-COLOR: #316563; TEXT-DECORATION: none
}
.menuItem {
	PADDING-RIGHT: 20px; DISPLAY: block; PADDING-LEFT: 20px; FONT-SIZE: =
11px; Z-INDEX: 900; PADDING-BOTTOM: 4px; MARGIN: 0px; WIDTH: 100%; =
CURSOR: default; COLOR: #ffffff; PADDING-TOP: 4px; WHITE-SPACE: nowrap; =
BACKGROUND-COLOR: transparent; TEXT-DECORATION: none
}
.label {
	PADDING-RIGHT: 20px; DISPLAY: block; PADDING-LEFT: 20px; FONT-SIZE: =
11px; Z-INDEX: 900; PADDING-BOTTOM: 4px; MARGIN: 0px; WIDTH: 100%; =
CURSOR: default; COLOR: #ffffff; PADDING-TOP: 4px; WHITE-SPACE: nowrap; =
BACKGROUND-COLOR: transparent; TEXT-DECORATION: none
}
.label {
	BACKGROUND-POSITION: right center; WIDTH: auto; BACKGROUND-REPEAT: =
no-repeat; HEIGHT: 15px
}
A.menuItem:hover {
	FONT-SIZE: 11px; COLOR: #ffffff; BACKGROUND-COLOR: #86a2a1
}
.labelOver {
	PADDING-RIGHT: 20px; BACKGROUND-POSITION: right center; DISPLAY: block; =
PADDING-LEFT: 20px; FONT-SIZE: 11px; PADDING-BOTTOM: 4px; MARGIN: 0px; =
WIDTH: auto; COLOR: #ffffff; PADDING-TOP: 4px; BACKGROUND-REPEAT: =
no-repeat; WHITE-SPACE: nowrap; HEIGHT: 15px; BACKGROUND-COLOR: #ce6500
}
.menu {
	BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 0px; BORDER-TOP: =
#000000 1px solid; PADDING-LEFT: 0px; Z-INDEX: 1000; VISIBILITY: hidden; =
PADDING-BOTTOM: 4px; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 4px; =
BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: arial, helvetica; =
POSITION: absolute; TOP: 24px; BACKGROUND-COLOR: #3f697f
}
.menu * {
	CURSOR: default
}
.separator {
	MARGIN: 0px
}

------=_NextPart_000_0000_01C7D501.A8285E90
Content-Type: application/x-js
Content-Transfer-Encoding: quoted-printable
Content-Location: http://www.hedgeworld.com/javascript2/rt/exmplmenu_var.js



	var NoOffFirstLineMenus=3D7;			// Number of first level items
	var LowBgColor=3D'#5889D5';			// Background color when mouse is not =
over
	var LowSubBgColor=3D'#f6f6f6';			// Background color when mouse is not =
over on subs
	var HighBgColor=3D'#ff6600';			// Background color when mouse is over
	var HighSubBgColor=3D'#ff6600';			// Background color when mouse is =
over on subs
	var FontLowColor=3D'#ffffff';			// Font color when mouse is not over
	var FontSubLowColor=3D'444444';			// Font color subs when mouse is not =
over
	var FontHighColor=3D'#FFFFFF';			// Font color when mouse is over
	var FontSubHighColor=3D'#ffffff';			// Font color subs when mouse is =
over
	var BorderColor=3D'#cccccc';			// Border color
	var BorderSubColor=3D'#cccccc';			// Border color for subs
	var BorderWidth=3D1;				// Border width
	var BorderBtwnElmnts=3D1;			// Border between elements 1 or 0
	var FontFamily=3D"arial,comic sans ms,technical"	// Font family menu =
items
	var FontSize=3D8;				// Font size menu items
	var FontBold=3D1;				// Bold menu items 1 or 0
	var FontItalic=3D0;				// Italic menu items 1 or 0
	var MenuTextCentered=3D'center';			// Item text position 'left', =
'center' or 'right'
	var MenuCentered=3D'left';			// Menu horizontal position 'left', =
'center' or 'right'
	var MenuVerticalCentered=3D'top';		// Menu vertical position 'top', =
'middle','bottom' or static
	var ChildOverlap=3D.2;				// horizontal overlap child/ parent
	var ChildVerticalOverlap=3D.2;			// vertical overlap child/ parent
	var StartTop=3D0;				// Menu offset x coordinate
	var StartLeft=3D1;				// Menu offset y coordinate
	var VerCorrect=3D0;				// Multiple frames y correction
	var HorCorrect=3D0;				// Multiple frames x correction
	var LeftPaddng=3D0;				// Left padding
	var TopPaddng=3D3;				// Top padding
	var FirstLineHorizontal=3D1;			// SET TO 1 FOR HORIZONTAL MENU, 0 FOR =
VERTICAL
	var MenuFramesVertical=3D1;			// Frames in cols or rows 1 or 0
	var DissapearDelay=3D100;			// delay before menu folds in
	var TakeOverBgColor=3D1;			// Menu frame takes over background color =
subitem frame
	var FirstLineFrame=3D'navig';			// Frame where first level appears
	var SecLineFrame=3D'space';			// Frame where sub levels appear
	var DocTargetFrame=3D'space';			// Frame where target documents appear
	var TargetLoc=3D'MenuPos';				// span id for relative positioning
	var HideTop=3D0;				// Hide first level when loading new document 1 or =
0
	var MenuWrap=3D0;				// enables/ disables menu wrap 1 or 0
	var RightToLeft=3D0;				// enables/ disables right to left unfold 1 or =
0
	var UnfoldsOnClick=3D0;			// Level 1 unfolds onclick/ onmouseover
	var WebMasterCheck=3D0;			// menu tree checking on or off 1 or 0
	var ShowArrow=3D0;				// Uses arrow gifs when 1
	var KeepHilite=3D1;				// Keep selected path highligthed
	var =
Arrws=3D['/images/main/header/tri.gif',5,10,'/images/main/header/tridown2=
.gif',10,5,'/images/main/header/trileft.gif',5,10];	// Arrow source, =
width and height

function BeforeStart(){return}
function AfterBuild(){return}
function BeforeFirstOpen(){return}
function AfterCloseAll(){return}


// Menu tree
//	MenuX=3Dnew Array(Text to show, Link, background image (optional), =
number of sub elements, height, width);
//	For rollover images set "Text to show" to:  =
"rollover:Image1.jpg:Image2.jpg"

Menu1=3Dnew Array("Home","http://www.hedgeworld.com","",0,20,70);


Menu2=3Dnew Array("TASS =
Database","http://www.hedgeworld.com/inv/fund","",5,"",107);
	Menu2_1=3Dnew Array("TASS Raw Datafeed =
Home","http://www.hedgeworld.com/learn_more/tassraw.cgi","","",20,185);
	Menu2_2=3Dnew Array("TASS Basic =
Searches","http://www.hedgeworld.com/inv/fund/","",5,"",185,"","#ce6500")=
;
	Menu2_3=3Dnew Array("TASS Gold =
Features","http://www.hedgeworld.com/inv/fund/","",7,"",185);
	Menu2_4=3Dnew Array("Learn More About =
TASS","http://www.hedgeworld.com/database_access.cgi","",0,20,185);
	Menu2_5=3Dnew Array("List your fund in =
TASS","http://www.hedgeworld.com/members/tassgold/list_your_fund.cgi","",=
"",20,185);
		Menu2_2_1=3Dnew Array("Simple =
Search","http://www.hedgeworld.com/inv/fund","",0,20,185);
		Menu2_2_2=3Dnew Array("Risk Return =
Search","http://www.hedgeworld.com/inv/fund/risk_search.cgi","",0,20,185)=
;
		Menu2_2_3=3Dnew Array("Performance =
Search","http://www.hedgeworld.com/inv/fund/performance_search.cgi","",0,=
20,185);
		Menu2_2_4=3Dnew Array("Asset Size =
Search","http://www.hedgeworld.com/inv/fund/assets_search.cgi","",0,20,18=
5);
		Menu2_2_5=3Dnew Array("Fund Contact =
Search","http://www.hedgeworld.com/inv/fund/fund_info_search.cgi","",0,20=
,185);
			Menu2_3_1=3Dnew Array("Geographic =
Search","http://www.hedgeworld.com/inv/fund/geo_search.cgi","",0,20,185);=

			Menu2_3_2=3Dnew Array("Advanced =
Charting","http://www.hedgeworld.com/inv/fund/charts/","",0,20,185);
			Menu2_3_3=3Dnew Array("Advanced =
Analytics","http://www.hedgeworld.com/inv/fund/reports/analytics.cgi","",=
0,20,185);
			Menu2_3_4=3Dnew Array("Monthly Database =
Updates","http://www.hedgeworld.com/inv/fund/tass_monthly_updates/","",0,=
20,185);
			Menu2_3_5=3Dnew Array("Side-by-Side =
Comparison","http://www.hedgeworld.com/inv/fund/sbs/","",0,20,185);
			Menu2_3_6=3Dnew Array("Expanded =
Searching","http://www.hedgeworld.com/inv/fund/expanded_search.cgi","",0,=
20,185);
			Menu2_3_7=3Dnew Array("Fund =
Tracker","http://www.hedgeworld.com/inv/fund/fund_tracker/","",0,20,185);=


Menu3=3Dnew Array("News","http://www.hedgeworld.com/news/","",7,20,107);
	Menu3_1=3Dnew Array("Accredited =
Investor","http://www.hedgeworld.com/news/magazine/","",3,20,185);
	Menu3_2=3Dnew Array("Alternative =
Advantage","http://www.hedgeworld.com/news/alt_edge/","",0,20,185);
	Menu3_3=3Dnew Array("Inside Edge, Premium News","","",3,20,185);
	Menu3_4=3Dnew =
Array("LexisNexis","http://www.hedgeworld.com/news/lexisnexis_main.cgi","=
",0,20,185);
	Menu3_5=3Dnew Array("News =
Alerts","http://www.hedgeworld.com/news/news_tracker/","",0,20,185);
	Menu3_6=3Dnew =
Array("Reprints","http://www.hedgeworld.com/marketing/reprints.cgi","",0,=
20,185);
	Menu3_7=3Dnew Array("Reuters =
Headlines","http://www.hedgeworld.com/news/reuters","",0,20,185);
		Menu3_3_1=3Dnew Array("Current PDF =
Newsletter","http://www.hedgeworld.com/news/premium/inside_edge/download/=
inside_edge.pdf","",0,20,180);
		Menu3_3_2=3Dnew Array("Newsletter =
Archive","http://www.hedgeworld.com/news/premium/pdf_index.cgi","",0,20,1=
80);
		Menu3_3_3=3Dnew Array("Your =
Subscription","https://www.hedgeworld.com/your_account/premium_news/","",=
0,20,180);
			Menu3_1_1=3Dnew Array("Main =
Page","http://www.hedgeworld.com/news/magazine/","",0,20,140);
			Menu3_1_2=3Dnew Array("PDF =
Archives","http://www.hedgeworld.com/news/magazine/pdf_index.cgi","",0,20=
,140);
			Menu3_1_3=3Dnew =
Array("Advertise","http://www.hedgeworld.com/news/magazine/advertise.cgi"=
,"",0,20,140);



Menu4=3Dnew =
Array("Events","http://www.hedgeworld.com/community/eventlist.cgi","",2,2=
0,107);
	Menu4_1=3Dnew Array("Investor Outlook =
2007","http://www.hedgeworld.com/events/200710","",0,20,185);
	Menu4_2=3Dnew Array("Calendar of =
Events","http://www.hedgeworld.com/community/eventlist.cgi","",0,20,185);=



Menu5=3Dnew =
Array("Directories","http://www.hedgeworld.com/sp_directory/","",2,20,107=
);
	Menu5_1=3Dnew Array("Service Provider =
Directory","http://www.hedgeworld.com/sp_directory","",4,20,185);
	Menu5_2=3Dnew Array("Job Search / =
Directory","http://hedgeworld.efinancialcareers.com","",0,20,185);
		Menu5_1_1=3Dnew Array("All =
Listings","http://www.hedgeworld.com/sp_directory/","",0,20,175);
		Menu5_1_2=3Dnew Array("About the =
Directory","http://www.hedgeworld.com/sp_directory/info.cgi","",0);
		Menu5_1_3=3Dnew Array("Upgrade Your =
Listing","https://www.hedgeworld.com/orders/reg/sp_directory/sp_user.cgi"=
,"",0);
		Menu5_1_4=3Dnew Array("Directory & Guide =
2006/2007","http://www.hedgeworld.com/sp_guide/","",0);
	=09
	=09

Menu6=3Dnew =
Array("Research","http://www.hedgeworld.com/research/","",3,20,107);
	Menu6_1=3Dnew Array("Research =
Links","http://www.hedgeworld.com/research/links.cgi","",0,20,175);
	Menu6_2=3Dnew Array("Free Report =
Archive","http://www.hedgeworld.com/research/reports/index.cgi","",0,20,1=
75);
	Menu6_3=3Dnew Array("Lipper TASS =
Research","http://www.hedgeworld.com/tremont_tass_research/","",0);
=09
=09
=09
	=09

Menu7=3Dnew Array("Additional Products","","",5,20,139);
	Menu7_1=3Dnew =
Array("Advertising","http://www.hedgeworld.com/marketing/index.cgi?page=3D=
advertise&site=3Dhomepage","","",20,139);
	Menu7_2=3Dnew =
Array("Bookstore","http://www.hedgeworld.com/bookstore","",0);
	Menu7_3=3Dnew Array("Background =
Reports","http://www.hedgeworld.com/mbr","",0);
	Menu7_4=3Dnew Array("Education =
Center","http://www.hedgeworld.com/education/","",0);
	Menu7_5=3Dnew Array("Reuters for Hedge =
Funds","http://about.reuters.com/productinfo/hedgefunds/?seg=3D25&user=3D=
1","",0);
=09
=09
	=09
=09
=09
=09
	=09
	=09
	=09
		=09
=09
=09
=09
=09
	
------=_NextPart_000_0000_01C7D501.A8285E90
Content-Type: application/x-js
Content-Transfer-Encoding: quoted-printable
Content-Location: http://www.hedgeworld.com/javascript2/menu_com.js

/************************************************************************=
************
	(c) Ger Verslu