Red Kite, a metals-focused fund groups, has selected Butterfield Fulcrum as the firm’s fund administrator.

After a detailed analysis of Red Kite's specific needs, Butterfield Fulcrum designed a customised solution to answer the client's requirements. Teams from both Red Kite and Butterfield Fulcrum worked together to develop a unique bespoke administration process.

Glenn Henderson, CEO of Butterfield Fulcrum, says: “We are extremely pleased to welcome Red Kite as a client. This appointment confirms our commitment to providing customised administration services to asset managers with some of the most complex commodity trading strategies, asset classes and complex fund structures in the alternatives sector.”

A Red Kite spokesman says: “We are delighted to select Butterfield Fulcrum as our fund administrator and we look forward to a close working relationship in the future."