Financial Research Firm Executive Joins Portfolio Optimization Software Board

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Fundamental Portfolio Optimization software company Alpha Theory™ welcomes David A. Frankel to its board of directors.

Charlotte, NC, May 12, 2011 (PressReleasePoint) -- Alpha Theory, the market leader in Fundamental Portfolio Optimization software, announces today that David A. Frankel, Vice President of Business Development at FirstRain, joins the company’s board of directors.

Mr. Frankel joins existing board members Dr. Arthur Laffer, Reagan’s former Economic Advisor and the name sake of the Laffer Curve, Harry Blount, former Institutional Investor ranked analyst with Donaldson, Lufkin and Jenerette and Lehman Brothers and board member of numerous technology councils and companies and Crom Carmichael, President of Carmichael Inc., a private equity firm which has invested in many early stage companies. Please visit https://www.alphatheory.com/aboutus for full bios on all board members.

“We are fortunate to be able to attract board members with the quality of Dave Frankel,” said Cameron Hight, CEO of Alpha Theory. “Alpha Theory has benefited from his expertise and insight for years and with his appointment to the board, we make his role official.”

“I have had the pleasure of knowing Cameron for a while, and continue to be impressed with his passion, enthusiasm, and deep understanding of the challenges portfolio managers face today,” states Mr. Frankel. “Under his leadership, the team at Alpha Theory has introduced a unique methodology to portfolio optimization strategy, and I look forward to leveraging my experience in the industry to help them achieve their strategic goals.”

Mr. Frankel has spent the past 18 years providing sales, marketing and business development leadership at growing firms in the financial research technology space.  Since 2006, Mr. Frankel has developed key partnerships as part of the executive team behind FirstRain (www.firstrain.com), a VC backed search technology firm marketing qualitative research solutions to professional investors.  From 1993 to 2004, Mr. Frankel was with FactSet Research Systems, where during his tenure he managed the firm’s largest geographic sales territory to record growth, led the team that built the foundation for FactSet's current global marketing strategy, and negotiated strategic agreements with key content partners.  Mr. Frankel also made significant contributions at BNY Jaywalk, a division of the Bank of New York, where he developed the go-to-market strategy for an independent research consulting solution currently used by several leading online broker-dealers.  Mr. Frankel is a graduate of the Carroll School of Management at Boston College.

About Alpha Theory:
Alpha Theory, the investment industry’s leading Fundamental Portfolio Management platform, is the premier solution used by hedge and mutual fund portfolio managers to develop an efficient portfolio using the concept of risk-adjusted return. Alpha Theory leverages research and instinct to build a repeatable system for optimally sizing positions. For further information, please visit www.AlphaTheory.com, blog.AlphaTheory.com or view a demo at www.AlphaTheory.com/demo.
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