Celestar Capital Advisors and Bear Measurisk Announce Advanced Risk Monitoring Agreement.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Celestar Capital Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Bear Measurisk LLC announced today that they have signed a risk measurement and monitoring agreement. Under the terms of the agreement, Bear Measurisk will provide Celestar with risk aggregation, measurement and monitoring services. New York-based Celestar Capital provides sophisticated institutional investors as well as funds of funds with hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . Bear Measurisk, a leading provider of risk transparency and risk monitoring solutions, will aggregate position and exposure information for Celestar and provide a suite of risk monitoring tools and applications including: exposure analysis, Value-at-Risk analysis, stress tests, risk factor sensitivity, and forward-looking correlation analysis. Celestar will add InterSight, Bear Measurisk's flagship web-based risk monitoring solution to its existing suite of applications including its proprietary web-based portal and other analytical tools. Commenting on the agreement, Farzine Hachemian, co-founder and Managing Partner of Celestar, said, "The premise behind the creation of Celestar was to provide investors a process oriented and transparent approach in hedge fund investing. The services offered by Bear Measurisk will enhance Celestar's internal risk management capabilities and help meet our primary objective. Celestar investors will benefit from our improved ability to assess and communicate risk and construct and deliver customized risk measurement solutions." Celestar co-founder and Managing Partner Barry Seeman added, "We selected Bear Measurisk for the depth and breadth of their analytics, powerful interactive reporting capabilities, exceptional service and overall flexibility of their risk management solutions. These attributes dovetail dovetail (dov´tāl), n a widened or fanned-out portion of a prepared cavity, usually established deliberately to increase the retention and resistance form. nicely with Celestar's values and business philosophy." "We are excited to be working with Celestar," added Greg Quental, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bear Measurisk. "They have a very good understanding of the needs of the markets they serve and have built a very strong process oriented approach with a high degree of transparency. Our tools and data will enhance that approach and help Celestar continue to build flexible and transparent solutions for their clients while improving their own decision-making and risk management." About Celestar Capital Advisors, LLC Celestar Capital Advisors, LLC is an independent asset management company created by Farzine Hachemian and Barry Seeman in September, 2003. Mr. Hachemian and Mr. Seeman were the founders (in 1997) and co-heads of AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery Alternative Advisors, Inc., AXA Group's subsidiary specializing in Hedge Fund investing. Under a multi-year agreement, Celestar provides AXA Investment Managers with a full range of investment advisory services. Celestar is registered with the U.S. Securities and Exchange Commission as a Registered Investment Advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in and with the Commodities and Futures Trading Commission as a Commodity Trading Advisor Commodity Trading Advisor An investment manager that focuses on long and short trading in the futures markets. The trades are often intraday trades. Sometimes referred to as Managed Futures. and Commodity Pool Operator. For additional information about Celestar, please visit the Web site at: www.celestarcapital.com. About Bear Measurisk LLC Bear Measurisk LLC, a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of Bear Stearns Asset Management Inc., is a leading provider of sophisticated risk transparency and risk monitoring solutions. Bear Measurisk's independent, third party risk solutions are designed to evaluate and address the diverse risk management needs of pension plans, endowments and foundations, insurance companies, hedge funds, and funds of hedge funds. Bear Measurisk maintains separate staff, offices and data center facilities from Bear Stearns. Client confidentiality is Bear Measurisk's highest priority. For additional information about Bear Measurisk, please visit the Web site at www.bearmeasurisk.com. |
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