Global Custodian Hedge Fund Administration Survey for 2014

Scores Increased Rankings for Conifer Financial Services

Bucking The Trend of Declining Industry Scores for Single Strategy Managers is
stalwart Conifer Financial Services

SAN FRANCISCO; AUGUST 7, 2014 Conifer Financial Services LLC (Conifer), a leading
provider of fund administration and middle office services to the asset management industry,
achieved record client scores for the second year in a row in the 2014 Global Custodian Hedge
Fund Administration Survey. While industry scores overall fell in 7 out of 8 rated categories,
Conifer bucked that trend achieving consistently higher scores, ranking Very Good in every
category.

Now in its 19
th
year, the Global Custodian survey scored 30 fund administrators based on over
1,100 client responses. In addition to Conifers scores increasing from the 2013 survey in nearly
every one of the surveys quantitative groups, the number of clients participating increased by
80%, demonstrating the broad support and integrity of the scores. Global Custodian is the
leading industry survey for Fund Administrators.

Were especially pleased to see such strong ratings coming from our clients at a time when we
were integrating the merger of the Conifer Group with Vastardis Capital Services forming
Conifer Financial Services, said Jack McDonald, President & CEO of Conifer Financial
Services. In particular, to see our Relationship Management score increase to be ranked 3
rd
in
the industry during a transition speaks volumes about the care our staff provides Conifers
clients. McDonald added, The investment in technology and people we are making now will
only augment our positive ratings in the future.

Having completed the first phase of integrating Conifer and Vastardis Capital to form a fund
administrator with over $100 billion in assets under administration, the new Conifer Financial
Services now has over 200 clients and more than 200 staff in six offices in the US, Canada,
Singapore, the British Virgin Islands. Going forward, the firm will be focused on continuing the
level of client service reflected in the survey results, while combining and enhancing its
technology offerings to complement its existing iCon

portfolio reporting tool for single-

manager strategies, and its Envisor reporting tool for multi-manager strategies and private
equity funds.

Accompanying the surveys numerical results were comments from Conifers respondents, many
of which highlighted the firms premier client services. One fund manager referred to Conifer as
a real outperformer while another remarked that Conifer has the willingness and ability to
assist in any way possible.

Added McDonald, While seeing our survey results consistently improve is always encouraging,
hearing actual client feedback is what motivates us every day to come to work and exceed client
expectations.

About Conifer Financial Services LLC
Conifer Financial Services is a leading independent asset services firm offering front-to-back
capabilities across all asset classes to hedge funds, private equity and venture capital managers,
pensions, endowments, foundations, family offices, RIAs and traditional asset managers.
Services include Fund Administration, Middle and Back Office services, Trade Execution
services, and Prime Brokerage. Conifer Financial Services has over 200 clients worldwide
representing more than $100 billion of combined assets under administration (AUA).
Headquartered in San Francisco and with offices in New York, Singapore, the British Virgin
Islands, and Nova Scotia, Conifer has been in business since 1989. For more information, please
visit www.conifer.com.

About Global Custodian
GlobalCustodian.com is the website of Global Custodian, the leading magazine covering the
international securities services business. The magazine, with a circulation of 20,000 investment
professionals around the world, is defined by high-quality editorial and a series of annual surveys
that have become benchmarks for the industry.
Founded in 1989, the original focus of the magazine was on securities processing operations. Its
editorial scope has since expanded to include fund administration, securities lending and
financing, prime brokerage and the infrastructure of the global securities industry. The editorial
content of the magazine is now also supported by industry-standard surveys that address how the
performance of custodian banks, fund administrators, prime brokers and tri -party securities
financing providers compare with each other and within individual markets.
www.globalcustodian.com