New IntraLinks Service Takes Hedge Fund Reporting Online
Optima Fund Management saves time and money, aids compliance

New York, November 10, 2003
IntraLinks, Inc., the leading provider of digital workspaces to the financial services industry, today announced that it is introducing an online hedge fund investor communication and reporting service. New York-based Optima Fund Management LLC, a leading hedge fund-of-funds firm with over $2 billion in assets under management, is the first firm to use IntraLinks to bring its fund marketing and reporting online.

IntraLinks is a secure, web-based service that enables hedge fund managers and administrators to communicate critical information to investors and prospective investors more efficiently. It replaces the current costly and cumbersome reporting processes that depend on mail, fax and email. The IntraLinks service allows hedge funds to meet their investors’ growing appetite and demand for timely information.

“Our goals are to strengthen our relationships with investors and enhance service to our clients, while at the same time ensuring that from a compliance standpoint, only authorized users see the information that they are legally entitled to view” said Geoffrey Lewis, Chief Financial Officer of Optima Fund Management. “IntraLinks allows us to meet these goals without the expense of building and maintaining our own platform. With IntraLinks, we also gain a detailed audit trail that enables us to maintain a thorough record for compliance, full system redundancy and 24-hour customer support for our clients around the world.”

Established in 1996, IntraLinks provides safe and secure web-based reporting and marketing platforms to the largest names in private equity, mergers & acquisitions and the debt capital markets. Over 10,000 members of the private equity community use IntraLinks to access client reports and fund marketing information.

"This is a natural extension of the services we provide to the private equity community," said Adam Sloan, Senior Vice President for Business Development at IntraLinks. "As the hedge fund universe continues to expand, and compliance and reporting become even more crucial, IntraLinks allows fund managers to provide investors with fast and convenient access to critical and timely information."

About Optima Fund Management LLC
Established in 1988, Optima is one of the most established groups in the hedge fund investment business. The firm has a strong reputation for professionalism and is highly regarded by investors, managers and peers alike. The firm’s multi-faceted team of professionals is skilled in all aspects of building and overseeing effective hedge fund products. Based in New York and Bermuda, Optima has over $2 billion in assets under management.

About IntraLinks
IntraLinks (www.intralinks.com), the leading provider of digital workspaces, connects business communities and accelerates the intelligent flow of information and documents among participants. Through IntraLinks' secure, neutral, online environments, companies are better able to compete globally by accelerating essential business processes, simplifying communication, and fostering rapid workflow. IntraLinks is easily accessible anywhere, anytime using a web browser.

Since April 1997, more than 100,000 participants representing over 3,000 companies worldwide have used IntraLinks digital workspaces to communicate and collaborate on more than 10,000 projects and transactions. IntraLinks has been rapidly adopted by the financial services and pharmaceutical markets. Over 100 global companies are IntraLinks clients, including AstraZeneca Pharmaceuticals LP; Bank of America; Bank One; Bear Stearns; Deutsche Bank; Dresdner Kleinwort Wasserstein; Ernst & Young; FDIC; Houlihan Lokey Howard & Zukin; International Finance Corporation (World Bank Group); JPMorgan Chase; TD Securities; Thomas Weisel Partners; Wachovia Securities; and WestLB. Founded in June 1996, IntraLinks is headquartered in New York with offices in Boston and London.