New York and London:  May 15, 2012 – Butterfield Fulcrum, a leading independent fund services provider, is pleased to announce that it has upgraded to Advent’s Geneva® 8.5, a major new release of Geneva®, Advent’s award-winning global portfolio management and fund accounting solution. Butterfield Fulcrum has also significantly enhanced its operations and technology infrastructure to deliver front-, middle- and back-office services supported by a fully implemented technology solution.

“This upgrade enhances our leading edge technology platform and allows us to simplify the processing and management of complex assets and provide complete bespoke solutions to meet the ever increasing demands of our existing and new clients,” said Chris Mulhern, COO and President, Butterfield Fulcrum. “ Advent’s Geneva® 8.5 delivers direct immediate benefits to our clients with a host of new features and functionality, including real time P&L, position, and exposure reporting, support for private equity structures, bank debt, and a fully integrated shareholder servicing platform.”

Highlights of the upgrade include:

• Real-time P&L and exposure views that allow firms to make important, strategic business decisions without delay
•  Simplified tools to easily build, customize, and deploy dashboards and reports
•  Unparalleled data access and the ability to deliver exceptional client service using industry-standard reporting tools
• Private equity support, including capital commitment and call processing, waterfall calculations and capital distributions, which enable firms to increase their diversification of funds
• n-Tier fund structure support, to make it easier to set-up and manage complicated, multi-tiered fund structures
• Fully integrated investment and investor accounting support on a single platform, which lowers total cost of ownership by reducing operational overhead typically required to maintain and integrate disparate systems

“Butterfield Fulcrum has recently invested heavily in upgrading and enhancing its infrastructure and technology solution introducing full real-time replication to all core production systems and significant enhancement to disaster recovery,” said Paul Didyk, CTO, Butterfield Fulcrum. “We continue to provide custom IT solutions from complex reporting to complete bespoke applications. Our comprehensive client reporting now includes support for a range of new investor, regulatory and compliance requirements including a Form PF solution as part of our proprietary FIRST™ client portal and Investor Central™ platforms.”

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides a full service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds.    The company services more than 800 funds and has 12 offices in nine countries and employs over 500 people.  For more information, please visit www.bfgl.com.

Butterfield Fulcrum Sales Contact 

Jeff Strauss, Butterfield Fulcrum US
Tel: + 212-295-3823

Email: jstrauss@bfgl.com

Media Contact 

Lisa Jane O’Neil
LJO Associates, Inc
Email: lisajane@ljoassociates.com
Tel: +212 786 7629 or 917 361 8303

Although hedge fund launches are expected to soar in 2012, getting one off the ground is much more difficult — and expensive — than ever before thanks to regulatory pressures, savvier investors and the cost of technology.

The pace of hedge fund launches is expected to surge this year in light of the Volcker Rule’s ban on proprietary trading at banks. But experts say getting a start-up fund off the ground is harder than ever …

In an article in Advanced Trading, Tim Calveley, executive director at Butterfield Fulcrum, says:

“There’s so much more that a fund has to do rather than just have a track record. The industry has really grown and companies like ours have developed products and services to provide hedge funds with a front-, middle- and back-office solution to plug and play and help alleviate a lot of that burden.”

Source: Justin Grant, Advanced Trading.

New York, London, Hamilton, Bermuda:  December 13, 2011 – Butterfield Fulcrum, a leading independent fund services provider, is pleased to announce today that Red Kite, one of the world’s leading metals-focused fund groups, has selected the firm as their fund administrator.

After a detailed analysis of Red Kite’s specific needs, Butterfield Fulcrum designed a customized solution to answer the client’s requirements. Teams from both Red Kite and Butterfield Fulcrum worked together to develop a unique bespoke administration process.

Glenn Henderson, CEO of Butterfield Fulcrum, said: “We are extremely pleased to welcome Red Kite as a client. This appointment confirms our commitment to providing customized administration services to asset managers with some of the most complex commodity trading strategies, asset classes and complex fund structures in the alternatives sector.”

Red Kite commented: “We are delighted to select Butterfield Fulcrum as our fund administrator and we look forward to a close working relationship in the future.”

About Red Kite

Founded in 2004, Red Kite is one of the world’s leading metals-focused fund groups.  Within its trading funds, it manages futures and arbitrage positions combined with a significant physical metals merchanting operation.  The group also has a mine finance fund, providing capital to mining companies and generating yield and physical marketing returns.

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides a full service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds.    The company services more than 800 funds and has 10 offices in nine countries and employs over 500 people.  For more information, please visit www.bfgl.com.

Butterfield Fulcrum Sales Contact 

Jeff Strauss, Butterfield Fulcrum US
Tel: + 212-295-3823.
Email: jstrauss@bfgl.com

Edwin Parker, Butterfield Fulcrum Europe
Tel: +44 20 3195 0336
Email:eparker@bfgl.com

Media Contact 

Lisa Jane O’Neil
LJO Associates, Inc
Tel: +212 786 7629 or 917 361 8303
Email: lisajane@ljoassociates.com

New York, London, Hamilton, Bermuda:  January 11, 2011 – Butterfield Fulcrum, a leading independent fund services provider, is pleased to announce today that it has successfully completed an examination of its global middle and back office, fund administration solutions and services for the SOC 1 Type II Certification.

A big four audit firm has examined the design and effectiveness of specified controls and the scope of the report covered eight locations and jurisdictions in which Butterfield Fulcrum operates or has offices. The 2011 SOC 1 Report (formerly SAS 70 Type 2 reports) were prepared in accordance with the SSAE No. 16 and the ISAE 3402.

Tim Calveley, Executive Director of Butterfield Fulcrum, said: “One of our most important objectives is to demonstrate and validate industry-leading controls and processes.  Building upon previous independent examinations, completed annually since 2006, we have further subjected our middle office solutions, which leverage the Paladyne suite of products, to similar rigorous testing as part of the new ISAE framework.”

The independent examination consisted of an evaluation of the design and operating effectiveness of controls related to month end net asset value (“NAV”) processes, investor relations processes and information technology. From a fund accounting and investor relations perspective, controls included in the examination support trade processing, price verification, reconciliations of cash and positions, NAV production and investor services. From an information technology perspective, the examination included controls related to logical and physical security, disaster recovery, data transmission, and change and problem management.

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides a full service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds.    The company services more than 800 funds and has 10 offices in nine countries and employs over 500 people.

Butterfield Fulcrum Sales Contact 

Jeff Strauss, Butterfield Fulcrum US
Tel: + 212-295-3823.
Email: jstrauss@bfgl.com

Edwin Parker, Butterfield Fulcrum Europe
Tel: +44 20 3195 0336
Email:eparker@bfgl.com

Media Contact 

Lisa Jane O’Neil, LJO Associates, Inc
Tel: +212 786 7629 or 917 361 8303
Email: lisajane@ljoassociates.com

Butterfield Fulcrum will join other industry leaders in sponsoring the first in a quarterly series on “Best Practices for the Fund Industry” at Club 101, 101 Park Ave., New York, on Tuesday, December 6th, 2011.

Entitled, “Navigating the Complex and Evolving Fund Landscape”, the event will focus on a discussion with industry leaders on the challenges facing managers and investors in 2012, with solutions for the future. In addition to Butterfield Fulcrum, other sponsors include Paladyne, FinAnalytica, Pertrac, KPMG, and MGA.

A cocktail reception with Hors D’Oeuvres will kick off the event at 4pm at Club 101. The event will then run through 7:30pm, with the following presentations planned:

• TOPIC:  “Regulatory and Compliance Developments for 2012″ — presented by KPMG — 5pm – 5:30pm.
• TOPIC:  “Global Macro Risks and Impacts on the Fund Business and Portfolio:  Predictions for 2012″ — presented by Medley Global Advisors — 5:30 – 6pm.
• PANEL DISCUSSION:  “Operational Challenges Facing Managers in 2012 and Investor’s Expectations for Solutions:  A Debate on Best Practices in Technology, Transparency, Independence and Compliance.” 6 – 6:30pm.
• NETWORKING:  More Hors D’Oeuvres and Cocktails — 6:30 – 7:30pm.

Seating is limited.  Please confirm your attendance in advance.  RSVP:  Dcooke@bfgl.com  tel: 212.682.2691

New York, London and Luxembourg:  October 03, 2011 – Butterfield Fulcrum, a leading top five independent fund services provider, and Luxembourg Investment Solutions S.A. (LIS), a regulated (UCITS-licensed) management company, have signed a strategic cooperation agreement to provide a complete suite of management company and fund administration services in Luxembourg.

This relationship offers non-European fund initiators a quick and cost effective solution to launch Luxembourg-domiciled funds with a single point of contact for fund administration and corporate secretarial needs. With a focus on alternative investment funds and structures, this strategic partnership will help investment managers, institutional investors and family offices realize their investment ideas through a unique plug and play solution.

Butterfield Fulcrum will now offer the setup and administration of the complete range of fund structures available in Luxembourg from SIF to UCITS, leveraging the firm’s front, middle and back office systems. Through this partnership with LIS, the fund manager can swiftly set up customized regulated fund structures with full coordination between the Luxembourg financial supervisory company, CSSF, legal advisors, tax specialists, custodians and other Luxembourg-based entities.

“Bringing together the jurisdictional and product expertise of LIS and the industry leading operational infrastructure of Butterfield Fulcrum has allowed us to create a unique and compelling offering encompassing every aspect from design and setup to complete reporting  and administration services for managers wishing to establish a European Onshore structure,” said Tim Thornton, Managing Director, Global Client Delivery.

“This is a unique partnership between two independent companies that are highly specialized to offer an extremely synergistic solution for clients. We are extremely pleased to partner with Butterfield Fulcrum to extend our services with their superior fund administration model,” said Thomas Goergen, Chief Executive Officer.

“There is a growing trend towards regulated funds from the institutional client side and Luxembourg is a preferred domicile, particularly for alternative managers with offshore funds seeking to clone their strategies with Luxembourg vehicles such as master feeder funds and alternative UCITS.”

Butterfield Fulcrum and LIS will participate in a road show with ALFI (The Association of Luxembourg Fund Industry) between October 4-7 in Greenwich CT, New York and Boston. The day long seminars include presentations by industry experts on all aspects of Luxembourg fund structures.

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides a full service fund administration offering including front, middle and back solutions to hedge funds, fund of funds, managed accounts, private equity and real estate funds.    The company services more than 350 clients and has 10 offices in nine countries and employs over 500 people.  For more information, please visit www.bfgl.com.

About LIS

Luxembourg Investment Solutions S.A. is a truly independent management company providing full management company services to Luxembourg-domiciled funds and offers plug-and-play solutions in all aspects of administration and servicing of the investment vehicle and supporting structure. As a UCITS IV management company, LIS complies with the European directives which regulate undertakings for collective investment schemes, and is authorized by the Luxembourg financial supervisory authority Commission de Surveillance du Secteur Financier (CSSF).  For more information, please visit www.investment-solutions.lu

Media Contact 

Lisa Jane O’Neil
LJO Associates, Inc
Email: lisajane@ljoassociates.com
Tel: +212 786 7629 or 917 361 8303

Contact -Us at Butterfield Fulcrum

New York and London:  July 13, 2011 – Senior industry executive Jeffrey Strauss has returned to Butterfield Fulcrum, a leading top five independent fund services provider, to head US operations.   As President of Butterfield Fulcrum Group (US) Inc, Mr. Strauss will be responsible for all aspects of the US market for the company including sales, marketing, operations and growth.

“Jeff is a senior and seasoned industry executive and we are delighted to welcome him back to  Butterfield Fulcrum,  where he will be responsible for further strengthening our client relationships and our industry presence, “ said Glenn Henderson, CEO of Butterfield Fulcrum. “With Jeff’s return our focus will be to strengthen our middle office offering as part of our whole services solution. Jeff brings extensive experience with full service client solutions both for fund administration and the alternative asset management sector that will be of immediate benefit to our clients.”

“Butterfield Fulcrum is poised to build on its reputation as a leading independent fund administrator and I am extremely pleased to be re-joining the team to help lead that effort,” said Mr. Strauss, who will report directly to Mr. Henderson. “This senior management team has many years of joint experience and under Glenn’s leadership we are again directing all of our efforts to providing our clients with an unrivalled full service  fund administration service model.”

Mr. Strauss brings more than 30 years experience in financial services and the alternative asset management sector with a focus on client services, fund administration, prime brokerage, hedge funds and broker dealers.  Most recently, he was Global Head of Sales of HedgeServ Corp. and before that was Managing Director of Business Development at Butterfield Fulcrum.  Prior, he was a consultant to Sierra Global, a European long short hedge fund.  Mr. Strauss retired from Goldman Sachs in March 2006 after 23 years at the investment banking firm.  At the time of his retirement he was the Chief of Staff for the US Client Services Group.  Before being named Chief of Staff, he managed the Prime Brokerage Sales and Marketing team focused on fundamental long/short hedge funds.

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides a full service fund administration offering including front, middle and back solutions to hedge funds, fund of funds, managed accounts, private equity and real estate funds.    The company services more than 800 funds and has 10 offices in nine countries and employs over 500 people.  For more information, please visit www.bfgl.com.

Media Contact 

Lisa Jane O’Neil
LJO Associates, Inc
Email: lisajane@ljoassociates.com
Tel: +212 786 7629 or 917 361 8303

Butterfield Fulcrum to expand Irish workforce by 60 – Bruton
Financial Services Company deepens its commitment to Ireland increasing its workforce here to 100

Dublin, Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD, today (June 23^rd, 2011) announced that Butterfield Fulcrum, a leading fund administration company, is to increase its workforce in Dublin city centre to 100 people. The investment is supported by the Irish Government with the aid of IDA Ireland.

Glenn Henderson, Richard Bruton, Ken McCarney

Butterfield Fulcrum initially established an operation in Ireland in 2009 and it has since experienced strong growth. At the time it envisaged the creation of 40 jobs, however, based on upward projections will now grow its Irish workforce to 100. The company has recently been taken over by leading fund industry executives in partnership with BV Investment Partners. Current activities undertaken in Dublin include fund administration, business development and compliance. The new jobs will be in fund administration, finance and relationship management.

Announcing the expansion, Minister for Jobs, Enterprise and Innovation said:

“International financial services is a sector we must target for ambitious growth if we are to create jobs and grow our way out of our difficulties. We already have substantial investment and presence here from major global companies, and have built up a skill-base and reputation in this sector, but we must build on these strengths to enable more domestic and international firms establish and grow here.

“While the sector globally is going through some difficulties, this can itself create opportunities for Ireland. I am determined to ensure that we have ambitious policies in place to take full advantage of the opportunities that exist in financial services to achieve growth in the economy and get people back to work”.

Commenting on the announcement Glenn Henderson, CEO of Butterfield Fulcrum said, ‘We are delighted to see this further creation of jobs in Dublin which has come about as a result of the success of Butterfield Fulcrum’s operations here. Our   current expansion in Ireland   is in no small part due to the availability of a highly talented workforce. I would like to take this opportunity to thank the Irish Government and IDA Ireland for the excellent support provided to our company and look forward to our continued success in Ireland.’

Barry O’Leary, CEO of IDA Ireland said, ‘Ireland’s international financial services sector is an integral part of Ireland’s Foreign Direct Investment portfolio and today’s announcement of Butterfield Fulcrum’s expansion will further enhance Ireland’s profile within the hedge fund industry globally. Ireland is a key strategic location for the hedge fund industry and further growth in this sector is expected. I wish the management team of Butterfield Fulcrum every success in the implementation of this project.

ENDS

For further information

Butterfield Fulcrum

Lisa Jane O’Neil, LJO Associates, Tel: 1 212 786 7629, Mob: 1 917 361 8303

IDA Ireland

Thomas McEvoy, Press Manager, Tel: +353 (0) 1 603 4255, Mob: +353 (0) 87 7426684

Antoinette Tyrrell, Press Officer, Tel: +353 (0) 1 603 4256, Mob: +353 (0) 87 7572053

DEJI

Conor Quinn, Press Advisor to Minister Bruton, Tel: +353 (0) 1 6312218, Mob: + 353 (0) 87 3743783, Email: conor.quinn@deti.ie

New York, NY, Seattle, WA:  June 15, 2011 – Butterfield Fulcrum, a leading top five independent fund services provider, is pleased to announce that it has established a presence on the West Coast to be led by Brian Young.

Based in the Pacific Northwest Mr. Young, a Director of Business Development, will be responsible for promoting Butterfield Fulcrum’s fund administration services to investment managers across the west coast and mid-west markets.  Previously, Mr. Young was located in New York and joined Butterfield Fulcrum in 2010.

“There are tremendous opportunities for Butterfield Fulcrum to provide its full-service administration offering to the investment communities on the west coast as well as the mid-west as these markets are home to a vast number of hedge funds, fund of funds, family offices, private equity and real estate funds,” said Glenn Henderson, CEO of Butterfield Fulcrum. “We are pleased to announce that Brian will spearhead these efforts and ensure that the appropriate resources are allocated to facilitate and support the needs of our expanding client base.”

“There are many opportunities within this region from existing funds, new fund launches and spin-offs, as well as impending changes in regulation that will see an increase in the demand for third party fund administration and greater operational infrastructure,” said Mr. Young. “Butterfield Fulcrum brings both a comprehensive client integration process for on-boarding new funds as well as significant experience in providing the tools and resources that investment managers seek from their service providers.”

Mr. Young joined Butterfield Fulcrum from BNP Paribas- Corporate and Investment Banking where he held various positions within the Equity & Commodity Derivatives Group including: Hedge Fund Derivatives, Capital Introduction and their Managed Account Platform business.

About Butterfield Fulcrum
Butterfield Fulcrum is a leading independent fund services provider with 25 years of experience servicing clients in the alternative investment industry. Butterfield Fulcrum provides a full-service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, private equity and real estate funds. The company services more than 800 funds and has 10 offices in nine countries and employs over 500 people.  For more information, please visit www.bfgl.com.

Media Contact
Lisa Jane O’Neil
LJO Associates, Inc
Email: lisajane@ljoassociates.com
Tel: +212 786 7629 or 917 361 8303

New York, London, and Waterloo, Ontario:  May 18, 2011 – Sean Foley, CA, has been appointed the Chief Financial Officer and Chief Administration Officer of Butterfield Fulcrum, a leading independent fund administrator, and FORS Limited, an independent provider of family office and wealth management reporting and administrative services.

Butterfield Fulcrum and FORS were recently brought together into one entity offering comprehensive outsourcing solutions across the alternative investment management, family office and trust industries.  The two companies are run as separate businesses by their respective management.

Prior to being appointed as CFO and CAO of Butterfield Fulcrum and FORS, Mr. Foley served as the Group Financial Controller for Butterfield Fulcrum. Mr. Foley, who is located in Butterfield Fulcrum’s Waterloo, Ontario office, has over 14 years of experience in financial leadership roles at public and private Canadian companies.

“We are delighted to expand Sean’s role within the new entity, providing continuity to our team,” said Glenn Henderson, CEO of Butterfield Fulcrum. “He will be responsible for the integrity of the companies’ financial information and systems, as well as a key part of the executive team at Butterfield Fulcrum and FORS.”

Mr. Foley graduated from the University of Regina in Saskatchewan, Canada with a Bachelor of Administration degree. Mr. Foley began his career with Ernst and Young and holds a Canadian Chartered Accounting designation.

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent alternative fund administration company by assets under administration with more than two decades of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides administration, middle office and risk reporting services to hedge funds, fund of funds, managed accounts, private equity and real estate funds.    Headquartered in Bermuda, the company services more than 700 funds and has 10 offices in eight countries and employs over 500 people.  For more information, please visit www.bfg.com.

About FORS

FORS Limited is an independent global organization providing accounting and reporting solutions to Family Offices, Multi-Family Offices, Trust Companies and Private Clients.  FORS has offices in Bermuda, New York, Singapore and Toronto. The FORS team is committed to providing an exceptional level of personalized service focusing on meeting the unique demands of our clients, utilizing a leading family office web based technology platform to provide reporting solutions on client assets in excess of $25 billion. Its range of services include: a comprehensive accounting solution for family offices and trustees, preparation of financial statements, customized reporting solutions, investment monitoring, performance reporting, and family office administrative services.  For more information, please visit www.fors.bm.

Media Contact

Lisa Jane O’Neil
LJO Associates, Inc
Email: lisajane@ljoassociates.com
Tel: +212 786 7629 or 917 361 8303