NEW YORK, June 2, 2009 - J.P. Morgan was recently named "Best Overall Hedge Fund Administrator" by HFMWeek magazine in its 2009 Service Provider Awards. The awards recognize hedge fund service providers that outperformed their peer group in 2008/2009, and that demonstrated financial progress, growth and genuine innovation.
According to the Awards judges' statement: "A truly global administrator; J.P. Morgan was one of the few top credit-rated banks to take advantage of the flight to quality last year, offering the industry peace of mind at a time it needed it most."
Huw Williams, global head of sales for J.P. Morgan Hedge Fund Services, said, "We have been one of the fastest growing hedge fund service providers for the past several years. In a field of over 70 hedge fund administration providers, it is gratifying to be recognized in the industry as doing what we do better than any other organization."
Robert Caporale, global head of J.P. Morgan Hedge Fund Services, said, "Delivering market-leading hedge fund administration and outsourcing solutions through state-of-the-art technology and high quality people is essential. We are making investments in technology and resources which are continually improving the way we service our clients. Earning this distinction from HFMWeek affirms that we are doing the right things."
With over $66 billion in alternative assets under administration, J.P. Morgan Hedge Fund Services is a top-tier provider of independent fund administration and comprehensive outsourcing solutions to hedge funds and funds of hedge funds. It has offices in Boston, Dublin, Greenwich, Hong Kong, London, Luxembourg, Mumbai and Sydney.
For additional information on J.P. Morgan's Hedge Fund Services unit, please visit www.jpmorgan.com/hedgefundservices.
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A. (NYSE: JPM), WSS leverages the firm's unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $13.5 trillion in assets under custody and $5.4 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/is.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.