GlobalBridge Selects Pelorus Advisors As Exclusive Hedge Fund Due Diligence Provider

Tue Jul 14, 2009 9:38am EDT

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Leading Risk Management Firm To Further Enhance GlobalBridge's Full Transparency
Standard 
MINNEAPOLIS--(Business Wire)--
GlobalBridge, a Minneapolis-based provider of separately managed accounts for
trust banks and wealth advisors, announced today the selection of Pelorus
Advisors as its exclusive provider of hedge fund operational due diligence.  

Kelly Coughlin, CEO of GlobalBridge said, "Operational transparency and hedge
funds are two terms we seldom see together.  GlobalBridge has always insisted on
full operations and portfolio transparency.  Consequently, we and our clients
have not been harmed by the latest round of hedge fund scandals because of a
full transparency standard.  I have known Jeff Rathgeber, Managing Partner of
Pelorus for many years.  He truly knows the where the landmines are in a hedge
fund operation.  Prevention and detection of operations and portfolio risks
before a blow up are critical to hedge fund risk management.  Rathgeber is truly
an expert at this, and I have great confidence in him and his team." 

Jeffrey Rathgeber, Managing Partner and Head of Pelorus` Hedge Fund Practice
Group said, "GlobalBridge is a known leader in the industry for providing its
customers with fully transparent investment alternatives.  Leveraging Pelorus`
leading due diligence practice with its best-in-class managed account platform
allows GlobalBridge to raise the bar on manager selection even further." 
Rathgeber added "We`re very pleased to help GlobalBridge stay ahead of the curve
with respect to pre-investment as well as ongoing hedge fund due diligence and
manager selection. 

David Benoit, co-founder and Managing Partner of Pelorus Advisors said, "We are
extremely pleased that GlobalBridge has entrusted our experienced team of due
diligence professionals to assist it with its continued approach to
comprehensive manager due diligence.  With a large and growing base of customers
that demand transparency and accountability, GlobalBridge recognizes the
importance of conducting thorough, independent and conflict-free due diligence
on its managers` control structures.  Benoit added, "Making sure these manager
audits are performed by professionals that have spent years building and running
hedge fund operations was critical to its selection of Pelorus Advisors for this
extremely important control function." 

About GlobalBridge  

GlobalBridge, based in Minneapolis, Minn. offers separately managed account
(SMA) programs to trust banks and advisors for individual and institutional
investors nationwide.  GlobalBridge is the only program that offers complete
open architecture in all major trust accounting systems, custodial
relationships, investment vehicles, trading and investment manager selection.
www.globalbridge.com

About Pelorus Advisors

Headquartered in Connecticut, Pelorus Advisors provides truly independent and
experienced operational due diligence for leading investors looking to identify
and address unseen risks associated with their hedge fund holdings and
investments.  Pelorus also offers specialized risk management services in the
areas of Earnings and Expense Optimization, Intellectual Property and Foreign
Exchange Hedging.  www.pelorusadvisors.com



The Sage Group for GlobalBridge:
Sarah Cothran, 612-321-9897
scothran@sagegrp.com
or
Pelorus Advisors:
Mike Ranelle, 860-247-7700 ext 708
mranelle@pelorusadvisors.com

Copyright Business Wire 2009

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