TORONTO, Oct. 23, 2014 /CNW/ - CommonWealth Fund Services Ltd., a leading Toronto-based fund administrator, has been named "Best Canadian Hedge Fund Administrator" at the 2014 Canadian Hedge Fund Awards. Now in its seventh year, the event combines education with recognition of performance excellence in the hedge fund industry. This was the first year the Canadian Hedge Fund Awards program was expanded to include service provider categories.
"We are thrilled to have been recognized as the outstanding administrator in Canada," said company Chairman John Clark, "because it reflects the dedication and strong client focus of our professional staff."
Vice-President Mackenzie Crawford said: "Being named Canada's Best Hedge Fund Administrator is a great honour and a testament to the outstanding efforts of our staff, the power of our fully integrated technology platform, and the positive relationships we have built with our clients over the past seven years. We've come a long way and I am excited to see what is next for us."
CommonWealth Fund Services was recognized earlier this year with a Roll of Honour Award in the Global Custodian Hedge Fund Administration Survey. For the third straight year CommonWealth received the highest overall score among Canadian-founded administrators in this worldwide survey.
About CommonWealth Fund Services Ltd.
Founded in 2007, CommonWealth Fund Services Ltd. is a Canadian fund administrator specializing in alternatives, servicing over $3 billion in assets among 80 domestic and offshore investment funds. CommonWealth calculates fund net asset values on a daily, weekly, monthly, or quarterly basis, acts as transfer agent, and supports its clients with financial statement and tax return preparation.
CommonWealth's parent company, Caledon Trust Company, is federally chartered and regulated by the Office of the Superintendent of Financial Institutions. With its trust license, Caledon is able to act as trustee for funds administered by CommonWealth.
Further information on CommonWealth is available on the company's web site at www.commonwealthfundservices.com.
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SOURCE: CommonWealth Fund Services Ltd.