Equinoxe Alternative Investment Services Ltd Announces the Completion of its Type 1 SAS70 Report

HAMILTON, Bermuda, Sept. 13 /PRNewswire/ -- Equinoxe Alternative Investment Services Ltd has completed its Type 1 SAS70 report as of May 31st 2010. This is an internationally recognized reporting standard carried out by an independent accounting firm that confirms that Equinoxe has been through an in-depth audit of their control objectives and activities. This was performed by KPMG.

Equinoxe has developed its technology solution from the best systems currently available in the market, SunGard Asset Arena and HWM Mantra, and coupled this with a high caliber management team. The combination of institutional capabilities and boutique bespoke service clearly differentiates Equinoxe in the market.

Operational procedures and controls included in the examination scope support new fund set-up, transaction processing, position reconciliation, cash receipts and disbursements, month-end process, investment valuation and investor relations.

Stephen Castree, CEO of Equinoxe comments, "We are delighted to have completed the SAS70 process in line with the rollout of our third office. With three physical offices and a broad range of instruments covered, this step allows us to add geographical scale to our business in a controlled manner with consistent processes applied in each location. We continually review and improve our procedures as well as add product capabilities to ensure our clients receive a market leading range of services with the best service in the industry."

Equinoxe is also pleased to announce the opening of a new office in County Sligo, Ireland. The new location will offer a full suite of services similar to other locations but will increase our ability to take on new business to service clients based in Europe, with the expansion fuelled by increased demand for our services.

About Equinoxe

Equinoxe is a premium boutique service provider founded in 2007 by experienced hedge fund administration  professionals.  Headquartered  in  Bermuda,  with  offices  in  Bermuda  and  Dublin and a license to operate in Mauritius, with the US and Singapore scheduled to open during 2010 and 2011, it is a full-service alternative investment fund administration company.

Web: www.equinoxeais.com

SOURCE Equinoxe