PINNACLE FUNDADMINISTRATION EXPANDS NORTH AMERICAN SERVICES WITH NEW VANCOUVER OFFICE

Date: Wednesday, January 12, 2011
Author: Pinnacle Canada Press Release

Charlotte, NC, January 4, 2011 –Pinnacle Fund Administration (“Pinnacle”), a provider of full service fund administration services to onshore and offshore alternative investment vehicles, today announces that it has expanded its North American operations with the opening of its Canada office in Vancouver.

Pinnacle Canada Fund Administration Ltd., will be managed by industry veterans David Smith and Keith Donald and will serve the Canadian alternative market as well as strategic international locations. 

David Smith, a Canadian Chartered Accountant, is the co-founder of Pinnacle and has over ten years experience in the hedge fund industry.  From 2000 to 2004, he practiced in the hedge fund industry in Bermuda, first at Ernst & Young and then, at Prime Management Limited.  In 2004 he established Pinnacle Fund Administration LLC in Charlotte, North Carolina. At Pinnacle, David was responsible for the delivery of fund administration services to clients and investors including the development of Pinnacle’s technology platform and operating systems.

Keith Donald, a UK Chartered Accountant has over 12 years experience in the hedge fund industry, practicing in Bermuda between 1998 and 2008 at KPMG and Olympia Capital.  Following his move to Canada in 2008 Keith was Chief Executive Officer of CACEIS (Canada) Limited.  At CACEIS and Olympia Capital, Keith was responsible for all aspects of operations, including new client integration, business development and client relationship management.

John Kelly, Managing Member of Pinnacle Fund Administration LLC, said “There are tremendous opportunities in the Canadian market.  We are also delighted to attract a talented professional of Keith Donald’s calibre to join our team in the next phase of Pinnacle’s growth.”

David Smith, Managing Director, Pinnacle Canada Fund Administration Ltd., said “Opening the Vancouver office allows us to collaborate with our Canadian clients, understanding their local service and regulatory needs whilst leveraging the client service and technology model that enabled our success in the United States market.”

Pinnacle Fund Administration is an independent and privately owned full service administration business that provides quality service to onshore and offshore alternative investment vehicles, including hedge funds, fund of funds and private equity funds, irrespective of size or strategy. Hallmarks of Pinnacle’s service include attention to detail by highly trained, experienced and ethical individuals, timely delivery of accurate net asset value calculations, easy to read investor statements, and responsive turnaround of enquiries from interested parties.  Pinnacle’s rating of “Best in Class” from the 2010 Global Custodian Survey of 38 administration companies recognized the high quality of its client services and proprietary technology systems.

Media Contacts: 

 United States   John Kelly:  jkelly@pinnacleadmin.com  or Tel: 704 927 5400

 Canada             David Smith:  dsmith@pinnacleadmin.com  or Tel: 604 639 3115

                            Keith Donald:  kdonald@pinnacleadmin.com  or Tel: 604 639 3116