Price Meadows Incorporated, a boutique hedge fund administrator serving approximately 200 domestic and offshore funds, has been ranked by Institutional Investor’s Alpha magazine as one of the industry’s top fund administrators. The firm was ranked #3 in the category of client service, #4 in fund accounting, and #5 in overall excellence.
Bellevue, WA (PRWEB) October 9, 2006 -- Price Meadows Incorporated (www.pricemeadows.com), a boutique hedge fund administrator serving approximately 200 domestic and offshore funds, has been ranked by Institutional Investor’s Alpha magazine as one of the industry’s top fund administrators. The firm was ranked #3 in the category of client service, #4 in fund accounting, and #5 in overall excellence. Globally, it is estimated that there are more than 150 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 our clients and their evaluations of our service levels are behind this award."
Rick Meadows, co-founder of PMI added, “As a boutique administrator, we strive to provide a very high level of personal service as well as timeliness and precision in our financial reporting. Given that the Alpha rankings are based entirely on what our hedge fund clients had to say about us, I guess we’re doing something right.”
About Price Meadows
PMI was founded in 1987 by two former hedge fund managers, Rick Meadows and Kelley Price. 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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