BSG Bisys Grp.

BISYS Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund and private equity industry, and RiskMetrics Group, the leading financial risk management firm, today announced a partnership to provide comprehensive risk reporting tools that will help hedge fund managers identify, measure and manage risk for their alternative investment portfolios. The reports will include exposure statistics, portfolio sensitivities, stress tests to extreme events and Value-at-Risk. These reports are essential tools in the alternative investments industry where there is increasing focus on transparency and risk management. �We are extremely pleased to be adding RiskMetrics Group�s market standard risk analytics to our product suite,� said Mary Lumetta, vice president of BISYS Hedge Fund Services. �As hedge funds continue to grow in complexity, the need for risk assessment and transparency becomes even more critical. BISYS Alternative Investment Services provides added value to our clients through our ability to aggregate portfolio positions across multiple brokers and deliver a standard set of risk reports. And, by making these risk reports accessible through a single web-based interface, we will help ensure that critical information is available to funds where and when it�s needed.� �Risk transparency has become essential as institutional investors allocate an increasing percentage of their assets to hedge funds,� said Ron Papanek, Director of Strategy at RiskMetrics Group. �We look forward to working with BISYS to help bring the leading risk methodology to hedge fund portfolio managers and their investors.� About RiskMetrics Group RiskMetrics provides expertise to the financial community through a broad range of research, analytics, data and other products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. The company is headquartered in New York City, with eleven worldwide offices, including London, Tokyo and Singapore. More information is available online at www.riskmetrics.com About BISYS Alternative Investment Services BISYS Alternative Investment Services is a leading global provider of administrative, accounting, advisory, and tax services for the alternative investment industry with over $225 billion in assets under administration. BISYS provides innovative and tailored solutions to approximately 500 clients and over 1,500 funds, including hedge funds, private equity funds, fund-of-funds, and other alternative investment products. BISYS Alternative Investment Services is a division of The BISYS Group, Inc. About BISYS The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, separately managed accounts, and other investment products. Through its Insurance Services group, BISYS is the nation�s largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. Additional information is available at www.bisys.com. Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current reasonable expectations and are subject to certain assumptions, risks, uncertainties and changes in circumstances due to future events as well as changes in economic, competitive, regulatory and/or technological factors affecting BISYS� business, including, without limitation, the ongoing government investigations and litigations involving the company. More detailed information about risk factors that could cause actual results to differ materially are noted in BISYS� periodic filings with the Securities and Exchange Commission. These documents can be accessed on BISYS� website at www.bisys.com under the �Investor Relations� tab. Forward-looking statements are only predictions, not guarantees of performance, and speak only as of the date they are made. BISYS disclaims any obligation to update or amend these statements in light of new information, future events or otherwise. BISYS Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund and private equity industry, and RiskMetrics Group, the leading financial risk management firm, today announced a partnership to provide comprehensive risk reporting tools that will help hedge fund managers identify, measure and manage risk for their alternative investment portfolios. The reports will include exposure statistics, portfolio sensitivities, stress tests to extreme events and Value-at-Risk. These reports are essential tools in the alternative investments industry where there is increasing focus on transparency and risk management. "We are extremely pleased to be adding RiskMetrics Group's market standard risk analytics to our product suite," said Mary Lumetta, vice president of BISYS Hedge Fund Services. "As hedge funds continue to grow in complexity, the need for risk assessment and transparency becomes even more critical. BISYS Alternative Investment Services provides added value to our clients through our ability to aggregate portfolio positions across multiple brokers and deliver a standard set of risk reports. And, by making these risk reports accessible through a single web-based interface, we will help ensure that critical information is available to funds where and when it's needed." "Risk transparency has become essential as institutional investors allocate an increasing percentage of their assets to hedge funds," said Ron Papanek, Director of Strategy at RiskMetrics Group. "We look forward to working with BISYS to help bring the leading risk methodology to hedge fund portfolio managers and their investors." About RiskMetrics Group RiskMetrics provides expertise to the financial community through a broad range of research, analytics, data and other products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. The company is headquartered in New York City, with eleven worldwide offices, including London, Tokyo and Singapore. More information is available online at www.riskmetrics.com About BISYS Alternative Investment Services BISYS Alternative Investment Services is a leading global provider of administrative, accounting, advisory, and tax services for the alternative investment industry with over $225 billion in assets under administration. BISYS provides innovative and tailored solutions to approximately 500 clients and over 1,500 funds, including hedge funds, private equity funds, fund-of-funds, and other alternative investment products. BISYS Alternative Investment Services is a division of The BISYS Group, Inc. About BISYS The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, separately managed accounts, and other investment products. Through its Insurance Services group, BISYS is the nation's largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. Additional information is available at www.bisys.com. Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current reasonable expectations and are subject to certain assumptions, risks, uncertainties and changes in circumstances due to future events as well as changes in economic, competitive, regulatory and/or technological factors affecting BISYS' business, including, without limitation, the ongoing government investigations and litigations involving the company. More detailed information about risk factors that could cause actual results to differ materially are noted in BISYS' periodic filings with the Securities and Exchange Commission. These documents can be accessed on BISYS' website at www.bisys.com under the "Investor Relations" tab. Forward-looking statements are only predictions, not guarantees of performance, and speak only as of the date they are made. BISYS disclaims any obligation to update or amend these statements in light of new information, future events or otherwise.