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From Kirsten Bischoff, Opalesque New York: In December 2000, years before any of the hedge fund database services decided to dip their toes into the arena of ranking systems, Joseph Omansky saw the opportunity to take informational hedge fund database listings to the next step. Thus was born the SkyRank system which provides a quantitative evaluation service to the growing number of hedge fund investors. Recent news has shown the cottage industry of hedge fund databases scrambling to catch up and as Opalesque learned that the SkyRank system's pending patent is slated for approval we reached out to Omansky to learn about his hedge fund analysis, the changes he has seen in industry information sharing over the past eight years and a new investment product SkyRank is seeking to launch. He is evaluating platforms and in discussions with seeders. The product is to be an overlay on top of a managed account platform. Backtesting has demonstrated the product to yield approximately 15% annualized returns at volatility levels around 5%.

SkyRank's evaluation systems Omansky's immersion into the world of hedge funds began when as an equity options market maker for Lakota Trading he was approached by hedge fund firm Tradelink LLC to run a strategy based on an equity options volatility model he developed.

While managing this strategy Omansky saw opportunity in the very private industry as limited amounts of inf......................

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