HedgeCo.net – DUBLIN/SINGAPORE, December 21, 2006 – Custom House Administration & Corporate Services Limited (Custom House), one of the largest independent global hedge fund administrators, todayannounced that it will be offering its full hedge fund administration service through a new office in Singapore. This new office, which will open in the New Year and which will be operated by anassociated company of Custom House, Singapore Administration & Corporate Services Pte Ltd. is the first on-the-ground Asia presence for Custom House and will be crucial in attracting new hedgefund clients.
Singapore is a strategic choice for our expansion into Asia, said Dermot Butler, Chairman of Custom House. Its one of the largest hedge fund centers in Asia and are the most efficient financialcentres in the world and will enable us to service our global clients 24-hours a day.
As the hedge fund industry in Asia grows, there will be an increased need for local administrators to deliver the transparency and third-party reporting that investors demand.
In addition to Asian clients, David Blair, Managing Director of Custom House, points out that, Many of our institutional clients in Europe and North America – and especially those with daily dealinghedge funds – will benefit from our ability to take advantage of the time zone differences offered by the Singapore office.
The Singapore office complements Custom Houses offices in Dublin and Chicago and the firm now enjoys the status as one of the few administrators to have a truly global presence covering the majortime zones.
About Custom House Administration & Corporate Services Ltd.
Custom House Administration & Corporate Services Limited was established in Dublin in 1989 and is authorized by IFSRA (the Irish Financial Services Regulatory Authority) under Section 10 of theInvestment Intermediaries Act 1995 to provide administration services to collective investment schemes. Custom House currently administers circa US$20 billion for over 250 funds for more than 100investment management clients… Custom House is the only hedge fund administrator to have been awarded a Management Quality rating from Moodys. For more information see www.customhousegroup.com .
CONTACT:Brendan McManus
Walek & Associates
212-590-0524
bmcmanus@walek.com
