BISYS(R) Alternative Investment Services Earns Top Ranking in Administration Category from Alpha Awards
October 03 2006 - 8:51AM
Business Wire
BISYS Alternative Investment Services, a leading global provider of
administrative, accounting and tax services for the hedge fund and
private equity industry, today announced that it achieved the top
spot in the administration category for fund-of-hedge funds
services in the Second Annual 2006 Alpha Awards. This award is a
result of votes from hedge fund managers rating the level of
service they received in various categories by their service
provider. Alpha Magazine, part of Institutional Investor, compiled
its 2006 Alpha Awards by ranking the top hedge fund service
providers based on votes from more than 1,000 hedge fund management
firms. The hedge fund firms, from around the world, were asked to
rate the quality of service they received from their accountants,
fund administrators, lawyers and prime brokers. With the hedge fund
industry booming, the Alpha Awards is an excellent benchmark to
reveal the firms that are delivering the best service to their
clients. �We are delighted to receive this top ranking,� said Bill
Neville, president of BISYS Alternative Investment Services.
�Quality service is paramount to us and earning this high ranking
in the category of administration for fund-of-hedge funds services
reinforces our efforts and commitment to our clients. It is
especially gratifying that our clients took the time to complete
the survey and recognize what we do best. With over $225 billion in
assets under administration and approximately 500 clients, we
continue to raise the bar for quality service.� About BISYS
Alternative Investment Services BISYS Alternative Investment
Services is a leading global provider of administrative,
accounting, and tax services for the alternative investment
industry with over $225 billion in assets under administration.
BISYS provides innovative and tailored solutions to approximately
500 clients and over 1,500 funds, including hedge funds, private
equity funds, fund-of-funds, and other alternative investment
products. BISYS Alternative Investment Services is a division of
The BISYS Group, Inc. About BISYS The BISYS Group, Inc. (NYSE: BSG)
provides outsourcing solutions that enable investment firms and
insurance companies to more efficiently serve their customers, grow
their businesses, and respond to evolving regulatory requirements.
Its Investment Services group provides administration and
distribution services for mutual funds, hedge funds, private equity
funds, retirement plans, separately managed accounts, and other
investment products. Through its Insurance Services group, BISYS is
the nation�s largest independent wholesale distributor of life
insurance and a leading independent wholesale distributor of
commercial property/casualty insurance, long-term care, disability,
and annuity products. Additional information is available at
www.bisys.com. Except for the historical information contained
herein, the matters discussed in the press release are
forward-looking statements within the meaning of the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management's current
reasonable expectations and are subject to certain assumptions,
risks, uncertainties and changes in circumstances due to future
events as well as changes in economic, competitive, regulatory
and/or technological factors affecting BISYS� business, including,
without limitation, the ongoing government investigations and
litigations involving the company. More detailed information about
risk factors that could cause actual results to differ materially
are noted in BISYS� periodic filings with the Securities and
Exchange Commission. These documents can be accessed on BISYS�
website at www.bisys.com under the �Investor Relations� tab.
Forward-looking statements are only predictions, not guarantees of
performance, and speak only as of the date they are made. BISYS
disclaims any obligation to update or amend these statements in
light of new information, future events or otherwise. BISYS
Alternative Investment Services, a leading global provider of
administrative, accounting and tax services for the hedge fund and
private equity industry, today announced that it achieved the top
spot in the administration category for fund-of-hedge funds
services in the Second Annual 2006 Alpha Awards. This award is a
result of votes from hedge fund managers rating the level of
service they received in various categories by their service
provider. Alpha Magazine, part of Institutional Investor, compiled
its 2006 Alpha Awards by ranking the top hedge fund service
providers based on votes from more than 1,000 hedge fund management
firms. The hedge fund firms, from around the world, were asked to
rate the quality of service they received from their accountants,
fund administrators, lawyers and prime brokers. With the hedge fund
industry booming, the Alpha Awards is an excellent benchmark to
reveal the firms that are delivering the best service to their
clients. "We are delighted to receive this top ranking," said Bill
Neville, president of BISYS Alternative Investment Services.
"Quality service is paramount to us and earning this high ranking
in the category of administration for fund-of-hedge funds services
reinforces our efforts and commitment to our clients. It is
especially gratifying that our clients took the time to complete
the survey and recognize what we do best. With over $225 billion in
assets under administration and approximately 500 clients, we
continue to raise the bar for quality service." About BISYS
Alternative Investment Services BISYS Alternative Investment
Services is a leading global provider of administrative,
accounting, and tax services for the alternative investment
industry with over $225 billion in assets under administration.
BISYS provides innovative and tailored solutions to approximately
500 clients and over 1,500 funds, including hedge funds, private
equity funds, fund-of-funds, and other alternative investment
products. BISYS Alternative Investment Services is a division of
The BISYS Group, Inc. About BISYS The BISYS Group, Inc. (NYSE: BSG)
provides outsourcing solutions that enable investment firms and
insurance companies to more efficiently serve their customers, grow
their businesses, and respond to evolving regulatory requirements.
Its Investment Services group provides administration and
distribution services for mutual funds, hedge funds, private equity
funds, retirement plans, separately managed accounts, and other
investment products. Through its Insurance Services group, BISYS is
the nation's largest independent wholesale distributor of life
insurance and a leading independent wholesale distributor of
commercial property/casualty insurance, long-term care, disability,
and annuity products. Additional information is available at
www.bisys.com. Except for the historical information contained
herein, the matters discussed in the press release are
forward-looking statements within the meaning of the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management's current
reasonable expectations and are subject to certain assumptions,
risks, uncertainties and changes in circumstances due to future
events as well as changes in economic, competitive, regulatory
and/or technological factors affecting BISYS' business, including,
without limitation, the ongoing government investigations and
litigations involving the company. More detailed information about
risk factors that could cause actual results to differ materially
are noted in BISYS' periodic filings with the Securities and
Exchange Commission. These documents can be accessed on BISYS'
website at www.bisys.com under the "Investor Relations" tab.
Forward-looking statements are only predictions, not guarantees of
performance, and speak only as of the date they are made. BISYS
disclaims any obligation to update or amend these statements in
light of new information, future events or otherwise.
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