SOURCE: Prime Management Limited LLC

Prime Management Limited LLC

July 12, 2010 09:00 ET

Prime Management Chosen to Administer Risk-Linked Investment Portfolios for Elementum

HAMILTON, BERMUDA--(Marketwire - July 12, 2010) -  Prime Management Limited, a leading provider of fund administration services to the alternative investment industry, announced today their recent engagement to service three new risk-linked investment ("RLI") portfolios for Elementum Advisors, LLC. Elementum, a Chicago-based alternative investment manager specializing in risk-linked investments, will manage the portfolios and Prime will provide portfolio accounting and fund administration services.

John Whiley, a principal of Prime, noted, "We are delighted to have been selected by Elementum to support them in the continued growth and expansion of their RLI business. Prime has been servicing RLI portfolios since 2002 and we are committed to being the administrator of choice for the RLI industry."

"As a specialist provider of accounting and administration services to RLI funds and managed accounts, Prime is well qualified to service these portfolios and is an integral partner in the continued growth of our RLI business," said Tony Rettino, Founding Principal of Elementum.

Prime and Elementum will both be participating in the 8th Annual Insurance Linked Securities Summit to be held July 14-16 in Bermuda.

About Prime Management Limited
Since 1997, Prime's experienced management team (100 years combined administration experience) has specialized in providing administration services to hedge funds. Prime has built its administration platform on four pillars -- experienced professional staff, robust technology, sound processes and a commitment to quality service delivered with integrity. Prime is an independent administrator which is licensed and regulated by the Bermuda Monetary Authority under the Investment Funds Act 2006. For information, visit www.primebermuda.com.

About Elementum Advisors, LLC
Elementum is an independent, SEC registered, alternative investment manager specializing in collateralized natural event reinsurance investments. The firm was formed in 2009 by Tony Rettino and John DeCaro, the former heads of Stark Investments' reinsurance and risk-linked investments team and Michael France, Portfolio Manager with the group. For further information, visit www.elementumadvisors.com.

Contact Information

  • Contact:
    Prime Management Limited
    Fred T. Busk III
    Phone: (203) 227-1801
    Email: Email Contact

    Elementum Advisors
    Benjamin Somers
    Principal, Head of Business Development & Investor Relations
    Phone: (917) 639-4761
    Email: Email Contact