Butterfield Fulcrum Nominated for Four Awards

LONDON and NEW YORK, NY--(Marketwire - May 18, 2009) - Butterfield Fulcrum, a leading independent administrator for the alternative investment industry, today announced it has been nominated in four categories for HFMWeek's Service Provider Awards. This is the first time that HFMWeek, one of the leading news sources for the hedge fund sector, will honor Europe's leading service providers to the hedge fund industry.

Akshaya Bhargava, Butterfield Fulcrum's CEO, said, "At Butterfield Fulcrum, we are truly honored to be recognized by our peers as a leader in the fund administration space. We believe that these awards are an acknowledgement of our commitment to provide our clients with transparent and customized fund administration solutions, and our success in meeting transparency and reporting requirements amidst a challenging environment. As a firm, we are committed to continuing to meet the needs of the industry, especially in areas such as operational risk management and transparency, and are delighted to be recognized for our efforts."

Butterfield Fulcrum was nominated for four awards including Best Single Manager Administrator, Most Innovative Fund Administrator, Best Fund of Hedge Funds Administrator, and Best Overall Hedge Fund Administrator.

Joost Lobler, Managing Director of Business Development for EMEA and APAC said, "Despite a difficult year for the industry as a whole, we have been steadily increasing our share of the European market and see many opportunities for further growth."

The awards will be presented during ceremonies held at London's Hurlingham Club on May 21. In all, HFM Week will honor fund service providers in 17 different categories, including fund administration, prime brokerage, technology, advisory services, public relations, and legal services.

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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 their 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.

Contact Information: Media Contacts: Lisa Jane O'Neil President LJO Associates, Inc Phone: 212-786-7629 or 917-361-8303 Email: Scott Krady Director Media and Communications LJO Associates, Inc Phone: 646-944-2144 Email: