Butterfield Fulcrum Wins Best Single Manager Administrator Award At HFMWeek European...

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

LONDON, June 1 /PRNewswire/ --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.

Note to editors:
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@kwitco.com, for Butterfield Fulcrum