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In addition, Magnum's research division, headed by Brett Friedland, works with independent database providers whose extensive database services provide them with valuable quantitative research on hedge-fund performance. Past results, which are only meaningful for low-volatility, relative-value strategies, are merely one of the filters Magnum uses in making asset-allocation decisions. Friedland is the founding president of the Hedge Fund Association, and publisher of Magnum Fund Alert and Magnum Hedge Fund Reporter, the largest circulation journals in the hedge fund industry. He is a frequent speaker at hedge-fund and financial conferences, and has been quoted or had his funds featured in numerous print and electronic media, including CNN, CNBC, NHK Television (Japan), The Wall Street Journal, Financial Times, Barron's, the International Herald Tribune, USA Today, Business Week, Financial Mail, Finance Week, and publications of Institutional Investor, Inc.