Commonwealth Fund Services Wins Top Administrator Award Again

TORONTO - Nov. 5, 2015 - PRLog -- CommonWealth Fund Services Ltd., a leading Toronto-based fund administrator, has been named “Top Canadian Hedge Fund Administrator” for a second year in a row at the annual Canadian Hedge Fund Awards. Now in its eighth year, the event highlights performance excellence in the hedge fund industry, as well as among related entities that serve it in both Canada and aboard.

The company, which provides investment fund administration services to alternative fund managers, won the award during the 8^th annual Canadian Hedge Fund Awards held in Toronto last month.

The award was determined by industry voting, and for the second year in a row CommonWealth earned the majority of votes, according to awards organizer Alternative IQ. This recognition follows a fourth consecutive year as highest rated Canadian administrator in the Global Custodian Hedge Fund Administration Survey, in which CommonWealth earned a Category Outperformer award earlier in 2015.

“We are very proud of the work our team has accomplished to get us to this point,” said Joe Zhang, managing director. “We will continue to develop and implement process improvements to help us achieve our lofty goals in Canada and abroad, building on this success.”

Mackenzie Crawford, who together with Joe Zhang was named managing director and partner earlier this year, commented: “Administration is a fine balance of having smart, hard-working people and innovative, robust technology. We sought to improve on what were already strengths during 2015 in order to defend our title as Canada’s best hedge fund administrator. Our clients have rewarded our efforts with their vote, and we are very grateful to be able to work in partnership with some of Canada’s leading fund managers.”

About CommonWealth Fund Services Ltd.

CommonWealth Fund Services Ltd. provides a full range of administration services to hedge funds, private equity funds, pooled funds, and fund of funds, including fund accounting, shareholder recordkeeping, transfer agency, tax support and financial statement production and audit support. Combining industry leading technology and world-class people, CommonWealth has 35 clients, close to 100 funds and over $4 billion in assets under administration.

For more information:

General Information:
CommonWealth Fund Services Ltd.
Mackenzie Crawford, Managing Director
(416) 687-6654
mackenzie@commonwealthfundservices.com