Ark Fund Management chooses RBC Dexia as investor services provider

    TORONTO, Nov. 7 /CNW/ - RBC Dexia Investor Services has been selected by
Ark Fund Management Limited to provide a full range of investor services
including custody, investment finance, valuations and unitholder recordkeeping
for the company's entire family of hedge and mutual funds. Ark Fund Management
is one of the newest companies on the Canadian asset management landscape,
having acquired the assets of SciVest Alternative Strategies Inc. in August of
    "Our decision to work with RBC Dexia was based on a number of factors,
including their excellent reputation, leadership position in the Canadian
market and their capacity to support our ambitious plans for future growth,"
said Peter Shippen, President and CEO of Ark Fund Management. "We founded this
company to deliver unique investment products that provide significant
diversification benefits to investors. And after carefully evaluating the
various providers available, we are confident that RBC Dexia is the most
prudent choice to help us achieve our long-term business goals.
    "We would like to officially congratulate Ark Fund Management on their
successful entrance into the asset management industry and welcome them as our
newest client in the Canadian market," said Brent Wilkins, Head, Sales &
Relationship Management, Americas for RBC Dexia. "Partnering with clients such
as Ark and allowing them to focus on their strategic priorities is the
cornerstone of our service offering. We anticipate a very productive working
relationship and look forward to the opportunity to help them achieve their
business objectives in the years ahead."
    RBC Dexia has been named the world's No. 1 custodian overall for four
consecutive years in the Global Investor Global Custody Survey (2004 - 2007)
and three consecutive years in the R&M Consultants Global Custody Survey (2005
- 2007). In October 2007, RBC Dexia was awarded 'Top-Rated' status by Global
Custodian magazine based on the quality of its custody services to
institutional investors in Canada.

    About Ark Fund Management Limited

    Ark Fund Management Limited Is a Toronto-based fund company that offers
mutual fund and hedge fund products to Canadian investors. The firm is focused
on delivering high quality investment funds with flexible investment mandates
to maximize the diversification benefits to the investment portfolios of our

    About RBC Dexia Investor Services

    RBC Dexia Investor Services offers a complete range of investor services
to institutions worldwide. Established in January 2006, we are a joint venture
equally owned by Royal Bank of Canada and Dexia. We rank among the world's top
10 global custodians, with USD 2.6 trillion in client assets under
administration. Our innovative products and services help clients maximize
operational efficiency, minimize risk and enhance portfolio returns. And our
more than 4,500 professionals in 15 markets offer proven expertise to enhance
clients' business performance.

For further information:

For further information: Warren Weeks, RBC Dexia Investor Services,
Toronto, (416) 955-7048

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