Equinoxe Alternative Investment Services Ltd Announces its SAS 70 Type II

HAMILTON, Bermuda, Feb. 8, 2011 /PRNewswire/ -- Equinoxe Alternative Investment Services Ltd announces that it has completed its Type II SAS 70 report. It has also been reported as the fastest growing administrator by HFM Magazine in the 15th Semi-Annual Survey.

The SAS 70 Type II report is an internationally recognized reporting standard carried out by an independent accounting firm that confirms that Equinoxe has been through an in-depth audit of their control objectives and activities. This was performed by KPMG across all of Equinoxe's global offices, Bermuda, USA and Ireland for transfer agency and fund accounting..

Equinoxe has developed its technology solution from the best systems currently available in the market and coupled this with a high caliber management team. The combination of institutional capabilities and boutique bespoke service clearly differentiates Equinoxe in the market.

Operational procedures and controls included in the examination scope support new fund set-up, transaction processing, position reconciliation, cash receipts and disbursements, month-end process, investment valuation and investor relations.

Stephen Castree, CEO of Equinoxe comments, "The organic growth experienced from new and existing clients, coupled with the integration of the Madison Grey business in the USA has led to a strong period of growth for Equinoxe. The commitment to excellent service remains the lynch pin to our offering, and we continue to manage our growth carefully, only taking on a limited amount of new business in each calendar quarter. The completion of the SAS 70 Type II report further confirms our positioning as one of a limited number of growing firms with institutional capabilities, whilst still maintaining abespoke and boutique service offering."

Equinoxe is also pleased to announce the launch of its middle office outsource service, 'Hedge Fund in a Box'. With the first four funds live from the European offices in Ireland, Equinoxe plans to roll out the service to its North American offices in the early part of 2011.

About Equinoxe

Equinoxe is a premium boutique service provider founded in 2007 by experienced hedge fund administration professionals. Headquartered in Bermuda, with offices in Bermuda, Dublin, Sligo and Atlanta with a license to operate in Mauritius, and Singapore scheduled to open during 2011, it is a full-service alternative investment fund administration company.

Web: www.equinoxeais.com

SOURCE Equinoxe