Nova Scotia Business Inc. Congratulates Meridian Fund Services on Capturing Best North American Hedge Fund Administrator Title

Award winning companies from Canada's fastest growing hedge fund administration centre continue to shine globally. End Quote

(1888PressRelease) July 18, 2012 - Halifax, Nova Scotia - Meridian Fund Services was named Best North American Hedge Fund Administrator recently at the Hedgeweek USA Awards 2012 in New York. The awards honour the industry's best hedge fund managers and service providers. The winners are decided by the votes of Hedgeweek's nearly 20,000 subscribers.

"Congratulations to Meridian Fund Services for winning this prestigious award," said Stephen Lund, President and CEO of Nova Scotia Business Inc. "Meridian Fund Services has been operating in Nova Scotia since 2007 and is one the many award-winning international companies that are now doing business here."
In addition to other global fund administration companies such as Citco, Butterfield Fulcrum and Admiral Administration, Meridian Fund Services has expanded its global footprint to Halifax in the last six years.

KPMG's Competitive Alternatives 2012 report ranked Halifax number one out of all Canadian and U.S. cities surveyed for lowest business operating costs in the international financial services sector.

Nova Scotia offers several other key advantages including a strategic nearshore location to the U.S. and Europe, financial incentives, world-class infrastructure, and an established financial services cluster. Nova Scotia is Canada's university capital with an educated and loyal labor pool.

About Nova Scotia Business Inc.
Nova Scotia Business Inc. is the province's private-sector-led business development agency. Through trade development, investment attraction, business financing and venture capital, NSBI assists local companies and attracts international companies to Nova Scotia. For more information, visit www.nsbi.ca and follow online at www.nsbi.ca/connect.

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