Citco Fund Services Receives SOC 1 Type 2 Certification (formerly SAS 70) for 2011 for 8th consecutive year

Citco Fund Services (“CFS”) is pleased to announce that it has successfully completed the eighth consecutive examination of fund accounting and investor relations processes and controls for the annual period ended September 30, 2011 that was performed by an independent auditing firm.

The 2011 Service Organization Controls Report #1 or SOC 1 Reports (formerly SAS 70 Type 2 Reports) have been prepared in accordance with the guidelines contained in the United States Statement on Standards for Attestation Engagements (“SSAE”) No. 16 and International Standard On Assurance Engagements (“ISAE”) 3402 and its related amendments and interpretations.

The scope of the report covers all CFS operations that provide fund administration services to our clients from our offices worldwide.

The independent examination consisted of an evaluation of the design and operating effectiveness of the CFS controls related to month end net asset value (“NAV”) processes, investor relations processes and information technology. From a fund accounting and investor relations perspective, CFS controls included in the examination support trade processing, price verification, reconciliations of cash and positions, NAV production and investor services. From an information technology perspective, the examination included controls related to logical and physical security, change management and job scheduling.

The annual performance of the SOC 1 examination demonstrates our commitment to quality, confidentiality and maintaining a high level of internal control.