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Financial Diligence Networks Continues Momentum and Achieves Monthly Growth Rate of 30% in the First Quarter of 2014

Financial Diligence Networks LLC (“FDN”), a rapidly-growing private network for the alternative investment industry, announced today the expansion of its large global membership with the addition of 108 hedge fund management companies and hedge fund allocators in the first quarter of 2014, representing a growth rate of approximately 30 percent for the quarter. Today, FDN works with hundreds of firms worldwide, including prominent asset managers, major institutional investors, funds of hedge funds, and investment consultants, to improve data management and streamline the due diligence process.

For the three months ended March 31, 2014, FDN added 77 leading hedge fund allocators that manage more than $200 billion. The new allocators included professionals from Commonfund Asset Management, Emory Investment Management, Mesirow Advanced Strategies and Northern Trust.

For the three months ended March 31, 2014, FDN added 31 leading asset managers with over $100 billion in assets under management. Some of the new asset managers included: Man Group (AHL/MSS, GLG), New York Life’s MainStay Investments and Red Mountain Capital Partners.

John Casano, Managing Member and Co-Founder of FDN, commented, “We are off to a strong start to the year with the addition of over 100 new asset managers and allocators to the platform for the second straight quarter. This momentum is attributable to our commitment to improving the platform and introducing new features that allow managers and investors to conduct business. This month we signed a partnership with a leading securities firm, which will enable our members to obtain background checks.”

"We are dedicated to establishing FDN as an enterprise solution to increase efficiency and reduce costs in the hedge fund industry," said John Cornish, Managing Member and Co-Founder of FDN. "Built to help managers source, connect, and service new clients, our platform is designed to meet the needs of both asset managers and investors to securely store and access the vast majority of due diligence information traditionally shared over a normal three year business cycle."

About Financial Diligence Networks LLC (FDN)

Financial Diligence Networks LLC is a beautifully-designed, centralized, web-based network for the alternative investment industry. FDN enables asset managers to streamline business development and investor relations processes by connecting to current and potential investors and sharing information securely and scalably. With FDN, allocators can access all of the information they need to source, evaluate, and monitor funds, all in one location, using a single FDN password. FDN was founded in 2012 by John Casano and John Cornish, each of whom have worked in the hedge fund industry for more than a decade, as well as Jeff Suarez who brings more than a decade of experience managing successful technology teams. FDN has office locations in New York and Boston. For more information, please visit www.goFDN.com.

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