Butterfield Fulcrum Wins Best Single Manager Administrator Award At HFMWeek European Service Provider Awards

LONDON - Butterfield Fulcrum, a leading independent administrator for the alternative investment industry, has been named Best Single Manager Administrator at the inaugural HFMWeek European Service Provider Awards. Butterfield Fulcrum beat out five other firms in the category on the basis of “financial progress, growth and genuine innovation.”

The award recognizes the successful management of Butterfield Fulcrum’s merger and praised the unified company for not losing sight of the importance of client service, while continuing to invest and expand, opening new offices and investing in new products and services.

“We are honored to have received this award in support of our companywide belief that transparency is the product of flawless execution,” said Akshaya Bhargava, Butterfield Fulcrum’s CEO. “This is particularly important in a climate where compliance and regulatory pressures are raising the profile of operational risk management and our clients are under pressure to demonstrate to their investors that their systems, controls and governance are effective.”

Despite challenging economic times, Butterfield Fulcrum has continued to develop new and innovative services:

- In March 2009, Butterfield Fulcrum launched BFonline, a client portal that provides alternative asset firms with 24/7, on-demand access to accounting data and positions, performance attribution, investor statements and service metrics. - In April 2009, Butterfield Fulcrum launched a comprehensive risk reporting and portfolio analysis tool, which provides managers with both traditional risk measures, such as VaR, and unique features, such as liquidity reporting and measuring alpha risk.

Butterfield Fulcrum was also a finalist in the HFMWeek European Service Provider Awards categories of: Most Innovative Fund Administrator, Best Fund of Hedge Funds Administrator and Best Overall Hedge Fund Administrator.

The awards were presented during ceremonies held at London’s Hurlingham Club on May 21.

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About Butterfield Fulcrum

Butterfield Fulcrum is a leading, independent administrator for the alternative investment industry with 20 years experience servicing the alternative investment industry. Led by experienced professionals, Butterfield Fulcrum provides its clients with exceptional and customized fund administration solutions. Headquartered in Bermuda, the company has offices in nine countries and services over 700 funds. For more information, please visit www.bfgl.com.

Media Contact: Jim Gorman Kwittken & Company Phone: +1-646-747-7166 Mobile: +1-732-865-2815 Email: jgorman@kwitco.com

Source: Butterfield Fulcrum

Jim Gorman of Kwittken & Company, +1-646-747-7166, Mobile, +1-732-865-2815, jgorman at kwitco.com, for Butterfield Fulcrum