Southridge LLC'S Double Alpha Group Ranks #1 in Barclays Top 10 Statistical Arbitrage Hedge Funds

Date: Wednesday, June 2, 2010
Author: Reuters

Southridge LLC is very pleased to announce its Double Alpha Group ranked among
the Top 10 Statistical Arbitrage Hedge Funds in each of Barclay Data Finder
Hedge Fund Rankings. Double Alpha ranked #1 over the 36 month period between
February 2007 to January 2010 with a Compound Annual Return of 17.17%. 

"We are thrilled to be recognized as top in our industry especially by an
authority like Barclays. Southridge continually strives to serve its clients and
the community with the highest level of dedication and integrity in all its
business activities," Stephen Hicks, founding principal of Southridge LLC. 

Double Alpha Group LLC is a quantitative trading fund, utilizing statistical
arbitrage techniques to generate risk adjusted premium returns on the long and
short side while maintaining a near market neutral portfolio. Proprietary
quantitative modeling enables this fund to identify pricing inefficiencies,
offering the opportunity for instantaneous execution and profit when prices
revert to their historical relationship. 

About Double Alpha

Double Alpha, a pioneer of quantitative trading in global markets, has an
established track record dating back to 1994. Double Alpha`s core business
focuses on arbitrage trading techniques and has a long history of integrity in
the hedge fund business.