LONDON – 27 October 2009 - Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, was named Best Administrator for Managed Accounts at HFMWeek’s Inaugural US Service Provider Awards in a ceremony last week at the Jumeirah Essex House in New York City.  Butterfield Fulcrum was selected over five other firms in the category on the basis of “continuing to invest, expand and meet the changing needs of clients.”

“Managed accounts are a fast-growing segment in alternative asset management as investors are looking for more flexibility,” said Akshaya Bhargava, Butterfield Fulcrum's CEO.  “That flexibility greatly increases the technological sophistication required of the administrator so we have dedicated a lot of resources over the past year to making managed accounts a strong focus area. That makes this award especially gratifying for us.”

Earlier in the year, Butterfield Fulcrum was named Best Single Manager Administrator at the inaugural HFMWeek European Service Provider Awards.

Note to editors: 
About Butterfield Fulcrum

Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, has 20 years experience servicing the alternative investment industry.  It provides administration, middle office and risk reporting services to hedge funds, fund of funds, managed accounts, private equity and real estate funds.  The company has a unique Global Operations Model leveraging time zones and talent to deliver transparent and highly customized solutions in real time via BFonline, a client access Web portal.  Headquartered in Bermuda, the company services more than 700 funds and has 11 offices in nine countries (Bahamas, Bermuda, Canada, Cayman, Guernsey, India, Ireland, UK and the USA).  For more information, please visit www.bfgl.com.

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