NEW YORK, June 24, 2011 - J.P. Morgan Worldwide Securities Services was recently recognized as the 'Best Hedge Fund Administrator' at the Hedgeweek USA Awards. The awards, presented at New York's Gansevoort Hotel on June 16th, were based on an extensive reader survey that evaluated the top hedge fund performers and service providers during 2010.
The Hedgeweek USA Awards for excellence among hedge fund managers and service providers recognize the US industry's best performers and their ability to demonstrate consistency, transparency and depth of expertise against the backdrop of new investment climate. The winners were decided by the votes of Hedgeweek's nearly 20,000 US-based subscribers, who include institutional and high net worth investors as well as managers and other industry professionals at firms including fund administrators, prime brokers, custodians and advisers.
"We are honored to have received this award from Hedgeweek, as this recognition reaffirms the trust and confidence our clients place in us every day," said Elliott Brown, Global Product Executive for Hedge Fund Services within J.P. Morgan's Worldwide Securities Services division. "As markets fluctuate and evolve, providing clients with world-class solutions and the highest level of service and innovation in an increasingly complex marketplace remains our number one priority."
J.P. Morgan Worldwide Securities Services is a global leader in providing innovative hedge fund administration services and solutions to the world's largest institutional investors and alternative asset managers. For more information on J.P. Morgan hedge fund services, 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 business of JP Morgan Chase & Co., WSS leverages the firm's global scale, leading technology and deep industry expertise to service investments around the world. It has $16.6 trillion in assets under custody and $7.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 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 and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.