Red Kite Selects Butterfield Fulcrum as Fund Administrator

NEW YORK, NY and LONDON and HAMILTON, BERMUDA--(Marketwire - Dec 13, 2011) - Butterfield Fulcrum, a leading independent fund services provider, is pleased to announce today that Red Kite, one of the world's leading metals-focused fund groups, has selected the firm as their fund administrator.

After a detailed analysis of Red Kite's specific needs, Butterfield Fulcrum designed a customized solution to answer the client's requirements. Teams from both Red Kite and Butterfield Fulcrum worked together to develop a unique bespoke administration process.

Glenn Henderson, CEO of Butterfield Fulcrum, said: "We are extremely pleased to welcome Red Kite as a client. This appointment confirms our commitment to providing customized administration services to asset managers with some of the most complex commodity trading strategies, asset classes and complex fund structures in the alternatives sector."

Red Kite commented: "We are delighted to select Butterfield Fulcrum as our fund administrator and we look forward to a close working relationship in the future."

About Red Kite

Founded in 2004, Red Kite is one of the world's leading metals-focused fund groups. Within its trading funds, it manages futures and arbitrage positions combined with a significant physical metals merchanting operation. The group also has a mine finance fund, providing capital to mining companies and generating yield and physical marketing returns.

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry. Butterfield Fulcrum provides a full service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds. The company services more than 800 funds and has 10 offices in nine countries and employs over 500 people. For more information, please visit www.bfgl.com.