HFMWeek Magazine Names J.P. Morgan Best Overall Hedge Fund Administrator

NEW YORK, June 2, 2009 - J.P. Morgan was recently named "Best Overall Hedge Fund Administrator" by HFMWeek magazine in its 2009 Service Provider Awards. The awards recognize hedge fund service providers that outperformed their peer group in 2008/2009, and that demonstrated financial progress, growth and genuine innovation.

According to the Awards judges' statement: "A truly global administrator; J.P. Morgan was one of the few top credit-rated banks to take advantage of the flight to quality last year, offering the industry peace of mind at a time it needed it most."

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Huw Williams, global head of sales for J.P. Morgan Hedge Fund Services, said, "We have been one of the fastest growing hedge fund service providers for the past several years. In a field of over 70 hedge fund administration providers, it is gratifying to be recognized in the industry as doing what we do better than any other organization."

Robert Caporale, global head of J.P. Morgan Hedge Fund Services, said, "Delivering market-leading hedge fund administration and outsourcing solutions through state-of-the-art technology and high quality people is essential. We are making investments in technology and resources which are continually improving the way we service our clients. Earning this distinction from HFMWeek affirms that we are doing the right things."

Source: J.P. Morgan Worldwide Securities Services