BlueCrest selects CMA for price discovery and mark-to-market

London, 11th December 2007: CMA, the credit information specialist, today announced that BlueCrest Capital Management, a leading European hedge fund manager with approximately $11.5bn under management, has selected CMA to help its equity derivatives and credit derivative desks to effectively manage their live tradable prices (QuoteVision) and accurately mark-to-market (DataVision).

BlueCrest believes in a specialist model. It employs teams of market specialists across numerous disciplines, all operating with state-of-the-art proprietary analytical technology. This encourages portfolio managers to run broad overall portfolios with significantly reduced concentrated risk and can allow focus on smaller, more esoteric anomalies that are often overlooked.

"We initially selected CMA's independent price verification service, DataVision, to feed our internal pricing and risk models because we feel that CMA's buy-side contribution model more accurately reflects true market prices" said Jonathan Martin, Principal at BlueCrest. "When our traders wanted an effective price discovery service, it was natural for us to review QuoteVision from CMA. QuoteVision was found to be the best in its category, and given that we like working with CMA, it was an easy choice."

QuoteVision, the market leading real time OTC credit market price discovery service, scans free form messages, extracts pricing information, and stores it in a client side database. QuoteVision covers a broad range of asset classes; quotes are matched to industry standard ISIN codes, so traders can be sure that prices are correctly identified. QuoteVision's proprietary artificial intelligence based parsing service combined with CMA's data editorial team ensures that QuoteVision continuously recognises new securities, tickers, entities and name changes resulting from corporate actions.

DataVision is a high quality, same day, consensus based price verification data service for CDS, Indices and Tranches, used primarily for mark-to-market, flash P&L, research and analytics. It is sourced from 30 buy-side firms including leading Hedge Funds, Asset Managers and the buy-side desks of global Investment Banks. DataVision is available to more than 260,000 users around the world via the Bloomberg Professional® service, and is also available via other channels.

Laurent Paulhac, CMA's CEO, commented "BlueCrest has achieved consistently good performance in this highly competitive market. We are proud to have been selected to assist in BlueCrest's continuing rapid growth".

About BlueCrest

BlueCrest Capital Management Limited ("BCML") is an alternative asset management company based in London, managing significant institutional assets across a number of diversified strategies. The two founders of BCML, Michael Platt and William Reeves, were both Managing Directors and senior proprietary traders at JP Morgan, who left to establish BlueCrest in 2000. BCML is 25% owned by Man Group Holdings, which is ultimately owned by Man Group plc, with the balance owned by its principals. For further information please visit www.bluecrestcapital.com

BlueCrest is a leading European hedge fund manager with approximately $11.5bn under management. BlueCrest started operating in 2000 and has been building an impressive track record since; with one of the funds it manages (BlueCrest Capital International Limited) winning the Eurohedge Fund of the Year Award in 2001 in its class, a nomination for the same award in 2002 and BlueCrest winning the Asset Management Firm of the Year Award in 2004. In 2005 BlueCrest was nominated for the Management Firm of the Year Award, as well as two of the funds that BlueCrest manages (BlueCrest Strategic and BlueTrend) being nominated for EuroHedge Fund of The Year in their respective categories.