Prime Management, a provider of fund administration services to the alternative investment industry, is to service three new risk-linked investment portfolios for Elementum Advisors.
Elementum, a Chicago-based alternative investment manager specialising in risk-linked investments, will manage the portfolios and Prime will provide portfolio accounting and fund administration services.
John Whiley, a principal of Prime, says: "We are delighted to have been selected by Elementum to support them in the continued growth and expansion of their RLI business. Prime has been servicing RLI portfolios since 2002 and we are committed to being the administrator of choice for the RLI industry."
"As a specialist provider of accounting and administration services to RLI funds and managed accounts, Prime is well qualified to service these portfolios and is an integral partner in the continued growth of our RLI business," adds Tony Rettino (pictured), founding principal of Elementum.
