SOURCE: Prime Management Limited LLC

Prime Management Limited LLC

August 21, 2012 16:03 ET

Prime Management Scores 6.79 out of 7 in Global Custodian's 2012 Hedge Fund Administration Survey

HAMILTON, BERMUDA--(Marketwire - Aug 21, 2012) -  Prime Management Limited, a leading fund administrator, has again excelled in the annual Global Custodian Hedge Fund Administration Survey, achieving an overall score of 6.79 out of 7 and receiving "Best in Class" awards in all 14 of its eligible categories. This is the fourth consecutive year that Prime has been recognized by the survey for the quality of its client service and the specialized knowledge of its staff.

In addition to servicing traditional hedge fund clients, Prime continues to solidify its reputation as the premier provider to investment structures, sponsors and managers in the insurance linked securities ("ILS") market.

Both the quality of Prime's service offering and its specialized knowledge in the ILS space are evident in the remarks of the firm's clients quoted by the survey such as, "The knowledge of the team, attention to detail, and responsiveness that we receive from the dedicated ILS client team is exceptional. We would highly recommend Prime to any new ILS fund seeking to use an administrator." Another client perhaps sums it up best with, "The best we have ever encountered."

Joe Kelly, Director of Prime stated, "We are thrilled at the excellent overall score we received in this year's Global Custodian survey and are particularly gratified by our continued recognition as excelling in the category of client service, a reflection of the commitment of all of our staff to provide the highest possible service to our clients."

About Prime Management Limited
Since 1997, Prime has been providing high quality independent fund administration services to onshore and offshore hedge funds engaging in a multitude of investment strategies. Prime is licensed and regulated by the Bermuda Monetary Authority under the Investment Funds Act 2006 and has successfully completed a SSAE 16 Type II (formerly known as SAS 70) Review Certification. For information, visit www.primebermuda.com.

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