Butterfield Fund Services (Bermuda) Limited

Located in one of the world’s premier international business centres, Butterfield Fund Services (Bermuda) Limited (BFSL) provides a full range of accounting, corporate, trustee and shareholder services to offshore hedge funds, mutual funds and international pension funds. BFSL is a wholly owned subsidiary of The Bank of N.T. Butterfield & Son Limited (Bank of Butterfield), which was incorporated in Bermuda in 1904.

Establishing and administering an offshore fund is a process that requires a broad range of specialised capabilities. Thanks to the professional and experienced team at BSFL, clients enjoy the confidence that all of their fund-related regulatory requirements in Bermuda are being fulfilled. They also benefit from the cost-effective advantages of establishing an offshore base without having a physical presence in Bermuda.

The diverse group of clients served by BFSL include a number of the world's leading investment management groups with mainly institutional investors. Clients such as financial institutions, insurance companies, management companies and institutional investors use BFSL services to set up, launch and manage investment funds based in Bermuda. Clients also have access to trustee and administration services for Corporate Trusts.

BFSL markets its third party fund administration services under the global banner of Butterfield Fund Services, which operates in Bermuda, Cayman and Guernsey. Fund administration services in Hong Kong are offered through BFSL’s affiliate Dexia Fund Services. Butterfield Fund Services is a founding member of the Bermuda, Cayman Islands and Channel Islands Stock Exchanges.

The employees of BFSL understand fund managers’ needs and are committed to providing comprehensive, attentive service. This capable team provides services to over 300 hedge and mutual funds with assets of over $34 billion and more than 60 international pension funds in Bermuda, with assets totaling over $1.2 billion.

Technology is a key driver in international fund services. In Bermuda BFSL uses NTAS software for registrar and transfer agency services and PROSPOR for multi-currency net asset valuation and production of fund accounts.

BFSL administers the award-winning Butterfield group of mutual funds for Butterfield Asset Management Limited with total assets of over $4 billion. Butterfield Funds range in liquidity from the money market funds in US Dollars, Euros, Canadian Dollars and Sterling through the Liquid Reserve Fund, two Bond Funds, two International Balanced Funds, a Global Blue Chip Fund, the Bermuda Fund, to a ‘fund of funds’ product called Butterfield Select, which includes equity, fixed income and alternative investment classes. (Restrictions may apply to investors from certain countries.)

Bank of Butterfield

The parent bank of BFSL, The Bank of N.T. Butterfield & Son Limited, has a solid reputation for strength, stability and quality of service. The Bank provides a full range of banking, trust and treasury services. Customers of BFSL often take advantage of:

Together Bank of Butterfield and BFSL provide a broad range of financial services to meet the needs of third party offshore funds and international pension funds.

Further details of Bank of Butterfield’s services, including information about BFSL, can be found on our web site at www.bankofbutterfield.com. Butterfield Asset Management’s web site is www.bam.bm. Internet banking is provided for clients at www.butterfielddirect.com.

For more information, contact Andrew R. Collins, Vice President and Managing Director at +1-441-299-3954 or andrewcollins@bntb.bm.

Butterfield Fund Services "Bermuda" Limited
Rosebank Centre
11 Bermudiana Road
Pembroke, Bermuda
Telephone: (441) 299-3954
Fax: (441) 295-6759
E-mail: funds@bntb.bm