Originally published 14 January 2009.

Enters partnership with International Administration (Guernsey) Limited

Custom House Global Fund Services Ltd. ('Custom House'), one of the top independent administrators specialising in hedge fund and funds-of-hedge-funds, today announced the opening of an office in Guernsey, Custom House Fund Services (Guernsey) Limited.

The new office offers administration services to open- and closed-ended Guernsey domiciled investment funds in partnership with International Administration (Guernsey) Limited ('IAG'), a specialist fund administrator for private equity and real estate funds.

"We are looking forward to growing our business and to working closely with IAG to offer more services to our clients," said Dermot Butler, Chairman of the Custom House Group, the holding company.

The opening of the Guernsey office is a result of the 2008 merger between Custom House Global Fund Services Ltd. And Equity Trust.

About Custom House

The primary business of Custom House (www.customhousegroup.com) is the provision of full administrative services to alternative investment and hedge funds. Established in Dublin in 1989, Custom House also operates through offices in Chicago, Curacao, Guernsey, Luxembourg, Malta, The Netherlands and Singapore, with approximately 250 staff worldwide. With $35 billion in assets under administration, the firm provides administration services to more than 200 managers, trading through more than 500 investment funds. Custom House is within the first quartile for alternative investment fund administrators globally and is among the top independent administrators specializing in hedge fund and funds-of-funds.

For further information from Custom House, please contact:

Walek & Associates – Konstantin Shishkin | 317 Madison Ave. | Suite 2300 | New York | NY 10017
Tel: +1 212 590 0532 | E-mail: kshishkin@walek.com

Custom House Global Fund Services Limited – Dermot Butler/David Blair | 25 Eden Quay | Dublin 1
Tel: +353 1 878 0807 | E-mail: dermot.butler@customhousegroup.com or david.blair@customhousegroup.com

Custom House Fund Services (Guernsey) Limited - Raymond Page | PO Box 282 | Regency Court | Glategny Esplanade | St Peter Port | Guernsey | GY1 3RH | Channel Islands
Tel: +44 (0)1481 737916 | Fax: +44 (0)1481 716868 | Email: ray.page@gg.customhousegroup.com

For more information about Guernsey's finance industry please visit http://www.guernseyfinance.com.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.