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Derwent Absolute Return Fund selects Quintillion

Release Date: 4 May, 2011

Dublin, 4 May 2011 - Quintillion today announced that it has been chosen to provide administration services to the Derwent Absolute Return Fund.

Based in London, Derwent Capital Markets has already attracted a large amount of publicity around the launch of the Absolute Return Fund. The fund plans to use sentiment signals from aggregated Twitter messages to predict short-term changes in broad stock market indices.

Quintillion will provide the fund with a complete range of administration services, including NAV calculation, investor servicing, anti-money laundering checks and financial reporting.

Eoghan McAteer, Senior Manager at Quintillion said: “We are delighted to have been awarded the administration mandate for Derwent Capital Markets and look forward to working with them on this innovative project."

Commenting on the appointment of Quintillion, Paul Hawtin, Managing Director and Partner, added: “We selected Quintillion as fund administrator for the Absolute Return Fund as they came highly recommended. Our choice and those recommendations have been completely validated. Quintillion and Derwent have worked closely together during this launch phase and we have been extremely impressed by the level of service and pro activeness demonstrated in all areas. Quintillion was the right choice for us and we look forward to continuing to partner as we build our business.“

About Quintillion:
Quintillion is a leading, independent hedge fund administration company. Launched in 2006, Quintillion provides clients with integrated middle and back office services.
Further information: www.quintillion.com

About Derwent Capital Markets:

Derwent Capital Markets, founded in July 2009 is a privately owned independent firm authorised and regulated by the Financial Services Authority. Specialised in the UK equity derivatives market, their aim is to provide superior investment advice and execution.

Ken Somerville
Head of Business Development – Quintillion Limited
Phone: +353-1-5238003 / Mobile: +353-87-131 9552
Email: ken.somerville@quintillion.ie