HedgeServ, a hedge fund administration business which took part in the 2011 Global Custodian Hedge Fund Administration Survey, has asked us to clarify a statement in the text which accompanied the scores given to the firm in the published survey.
The text accompanying the HedgeServ scores included a sentence which could be misconstrued as implying clients had an equity or other economic stake in HedgeServ. Global Custodian has been asked by HedgeServ to make it clear that no clients have an equity interest or any other economic interest in the firm.
We have revised the sentence in the text to eliminate the possibility of any such misconstruction being placed upon it.