Stone Coast Tops Global Custodian Survey: Rated Best Hedge Fund Administrator

Date: Wednesday, August 19, 2009
Author: CLOUD Computing Journal

Stone Coast Fund Services emerged as the highest rated hedge fund administrator in a survey by Global Custodian, the leading magazine of the international securities services industry. Stone Coast's overall rating was the best in the survey's fourteen-year history.

Global Custodian's most comprehensive review ever gathered responses from 1,370 hedge fund managers, who scored providers on 71 measures across 15 service categories. The 35 ranked administrators represent the vast majority of industry assets. In addition to its overall rating, Stone Coast had survey-topping marks in several categories, including Value, Client Service, Investor Services and Corporate Administration. Stone Coast's strengths ranged across client types, with 72 "Best In Class" designations recognizing service excellence for different types and sizes of funds.

Stone Coast's evaluations, survey editors noted, "actually achieve perfection in around one question in seven, and get as close to it as makes no difference on almost all the rest." Client comments were "equally effusive," indicating that Stone Coast's "superior approach to the business does not simply play well with clients: they actually love what they are getting."

"We're tremendously gratified that clients have been pleased with our work," said Stone Coast co-founder Marc Keffer. "We've emphasized building the best possible team and keeping turnover nonexistent. We have a group that takes pleasure in work done well, and in working well together, and that's been the best possible foundation."

About Stone Coast Fund Services

Stone Coast Fund Services, based in Portland, Maine and Hamilton, Bermuda offers a full range of hedge fund administration services. Industry-leading staff experience and retention rates assure superb service and permit a focus on complex portfolios. Beyond administration, Stone Coast provides hedge fund consulting for institutions and large managers, specializing in implementations of Advent Geneva, training and staff supplementation. Stone Coast also provides review, oversight and shadow accounting for funds administered by other providers. For more information, visit www.stone-coast.com.