Bellevue, WA (PRWEB) August 31, 2006
Price Meadows Incorporated (http://www.pricemeadows.com), a boutique fund administrator serving approximately 180 domestic and offshore funds, has been rated by Institutional Investor’s Alpha magazine as one of the industry’s top six fund administrators. Globally, it is estimated that there are more than 130 hedge fund administration firms.
Institutional Investor’s 2006 Alpha Awards are based on an extensive survey in which hedge fund managers were asked to rate the quality of service received from their accounting firms, fund administrators, law firms and prime brokers during the previous 12 months. Representatives from more than 1,000 hedge fund management firms participated in the survey.
“In this industry, name recognition has always been an important ingredient in the administrator selection process,” says Frank Duffy, Director of Business Development for PMI. “Enhancing name recognition through an honor like this is a double win for Price Meadows. We are extremely pleased that it is our clients and their evaluations of our service levels that are behind this award."
Kelley Price, co-founder of PMI added, “As a boutique administrator, we are especially pleased to be on this list. It was a survey of fund managers, so it comes down to what our clients said about us versus what the competitors' clients said about them. So the bottom line here is that we really owe a big thank you to our wonderful staff who earned such praise.”
About Price Meadows
PMI was founded by two former hedge fund managers in 1987. With roots in the hedge fund industry going back 25 years, the firm prides itself in presenting "needs based" solutions -- based on needs observed as former managers and investors in hedge funds and funds of funds. The firm administers a wide variety of hedge funds, funds of funds, private equity and other funds, both domestic and offshore. Currently, Price Meadows has 26 employees and serves clients spread across 30 states, as well as in the British Virgin Islands and the Cayman Islands.
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