Clearwater Hires Matt Clay to Focus on Commingled Funds

01-May-2009

BOISE, ID — May 01, 2009 — Clearwater Analytics, a recognized leader in daily, web-based investment portfolio reporting and analytics has recently hired Matt Clay to lead its ongoing efforts to provide innovative reporting and analytics solutions for commingled fund investors and managers.

"Bringing on Matt is a signal of our continued commitment to provide solutions for commingled funds," said Courtlandt Gates, Clearwater CEO. "Matt is a key hire with significant experience and the ability to deliver real solutions for fund investors and managers."

Clay has 15 years of experience in the investment industry and, prior to joining Clearwater, was with Russell Investments for 11 years as a portfolio manager, investment strategist and most recently as the Head of Short-Term Investments for business growth and development. While there, Clay helped grow total short-term assets under management 36% to $21 billion from ’07 to ’08 and helped grow Russell’s Money Market Fund nearly 68% to $8.9 billion. Clay will be reaching out initially to both investors and managers in money market funds and security lending pools.

"With deep rooted interests in investment research and advising, I saw great opportunities at Clearwater, which already had best-in-class reporting and analytics capabilities,” said Clay. “I am anxious to combine my past experiences with the incredible development resources here at Clearwater to deliver innovative solutions that better serve the investment community."

About Clearwater Analytics

Clearwater Analytics® is a recognized leader in daily, web-based investment portfolio reporting and analytics. The company’s industry-leading technology is the only platform on the market to offer a complete solution for dynamically monitoring global investments on a daily basis. Clearwater’s technology platform aggregates and reconciles investment portfolio transaction and holdings information from safekeeping entities, integrates third party data, and generates transparent reporting and analytics for investors, investment managers, custody banks and transaction execution portals. Launched in 2003, Clearwater Analytics reports on nearly $400 billion in assets for more than 2,000 institutional investors.