revolutionary Internet site which offers them an independent market place for the global hedge fund industry.

PlusFunds.com, a cooperative venture between Standard & Poor's, Ernst & Young, Advent Software, Inc., RiskMetrics Group, and the Bermuda Stock Exchange, has been taken on by Banque Nationale de Paris, Chase, Credit Suisse First Boston, JP Morgan, Mitsui & Co., and Nomura.

PlusFunds.com CEO Christopher Sugrue noted: "While initially, world-class financial institutions were attracted to our robust real time, tick by tick accounting engine and the ability to look at the risk side of the hedge fund equation, the secondary market trading of hedge fund shares offered them something entirely new -- the ability to create and offer a basket of hedge fund products that will supplement or rebalance their private investor clients' existing portfolios.'' The Bermuda Stock Exchange will provide the secondary market in which the institutions will broker the shares in the hedge funds operating on the PlusFunds.com platform .

Electronic trading will be available globally, six-days-per-week, 22-hours-per-day to allow all investors to meet on a common exchange platform to conduct their secondary market transactions in hedge fund shares thus enhancing liquidity and fostering pricing efficiency from counterparts around the world.

To date, the site has registered over 2500 accredited investors from around the world.