ALPS PRICE MEADOWS TOP RANKED IN INSTITUTIONAL INVESTOR’S 2009 ALPHA AWARDS
Based upon votes made by various hedge fund managers, ALPS Price Meadows announces that its company has been awarded and named as the #2 Fund Administrator by the Institutional Investor’s 2008 Alpha Awards.
The full text of the ALPS Price Meadows press release is reprinted below, and can also be found here.
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ALPS Price MeadowsSM Among Top Ranking in Institutional Investor’s 2008 Alpha Awards for 3rd Straight Year
Denver, CO, - ALPS Price MeadowsSM (APM), a leading provider of outsourced administrative solutions to the alternative asset management industry, announced that its clients have again voted the company among the top hedge fund administrators. Institutional Investor’s 2008 Alpha AwardsTM named APM as the #2 Fund Administrator in the “Small Firms’ Favorites” category – second only to Goldman Sachs & Co. Small firms are considered those with less than $1 billion in assets and comprise the vast majority of hedge funds. APM has earned the coveted Alpha AwardTM for three straight years.
Institutional Investor, one of the world’s foremost financial publications, has published its Alpha AwardsTM for four years. The awards are based solely on the survey results from nearly 1,000 hedge fund managers on their service providers’ performance.
“It is a distinct honor that for three years running we have been recognized as industry leaders by our clients. Hedge fund administration is a very competitive business in an extremely dynamic and growing industry. This award is confirmation that year-in and year-out we are maintaining our competitive edge,” noted Rick Meadows, Executive Vice President, on the continued success of APM.
Hedge fund managers were asked to rate their service providers in a variety of areas, such as fund accounting, middle-office services and technology & reporting. However, the level and quality of client service proves a major determinant in how firms fare according to Alpha Magazine. “The Alpha Awards are based on a comprehensive survey of client satisfaction, so this is a tremendous vote of confidence from our clients,” stated Jeremy May, President of ALPS Fund Services, Inc.™ “We are committed to maintaining those service levels in the years to come.”
About ALPS Price MeadowsSM
ALPS Price MeadowsSM (APM) is a division of ALPS Fund Services, Inc.™ APM provides “needs based” solutions - based on needs observed as former managers and investors in hedge funds and funds-of-funds. The firm administers a wide variety of hedge funds, funds-of-funds, private equity and other funds, both domestic and offshore. Currently, APM provides administration services to over 200 funds spread across 30 states, the British Virgin Islands and the Cayman Islands. For more information, visit www.alpspricemeadows.com.
About ALPS Fund Services, Inc.™
ALPS Fund Services, Inc.™ is a Denver-based outsourcing solution for administration, compliance, creative services, fund accounting, legal, marketing, tax administration, transfer agency and shareholder services for open-end, closed end, alternative investment and exchange-traded funds. As of September 30, 2008, ALPS has approximately $32 billion in client investment fund assets under administration and ALPS Distributors, Inc. provides distribution services to over $240 billion in client assets. For more information, visit www.alpsinc.com.
ALPS is a registered trademark or trademark of ALPS Fund Services, Inc.™ in the United States and other countries. All other brand names, product names or trademarks belong to their respective holders.
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