Sunday, 14 December 2008

Update on our (outsourced) back office

Close followers of Danfonds will know that it has outsourced its back opperations to GlobeOp Financial Services S.A., a leading independent provider of business process outsourcing, financial technology services and analytics to hedge funds and asset
managers. In view of the turmoil in financial markets, we though it useful to highlight their financial stregth, as announced for the year ending 31 December 2008.

$95 billion in Assets under Administration¹ (AuA) as at 30 November 2008
$1 billion of new client assets anticipated in December
Strong balance sheet with $47 million in cash as at 30 November 2008 and no debt

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