GlobalBridge,a Minneapolis-based provider of separately managed accounts for trust banks and wealth advisors, announced the selection of Pelorus Advisors as its exclusive provider of hedge fund operational due diligence.

Kelly Coughlin, CEO of GlobalBridge said, “Operational transparency and hedge funds are two terms we seldom see together. GlobalBridge has always insisted on full operations and portfolio transparency. Consequently, we and our clients have not been harmed by the latest round of hedge fund scandals because of a full transparency standard. I have known Jeff Rathgeber, Managing Partner of Pelorus for many years. He truly knows the where the landmines are in a hedge fund operation. Prevention and detection of operations and portfolio risks before a blow up are critical to hedge fund risk management. Rathgeber is truly an expert at this, and I have great confidence in him and his team.”

Jeffrey Rathgeber, Managing Partner and Head of Pelorus’ Hedge Fund Practice Group said, “GlobalBridge is a known leader in the industry for providing its customers with fully transparent investment alternatives. Leveraging Pelorus’ leading due diligence practice with its best-in-class managed account platform allows GlobalBridge to raise the bar on manager selection even further.” Rathgeber added “We’re very pleased to help GlobalBridge stay ahead of the curve with respect to pre-investment as well as ongoing hedge fund due diligence and manager selection.

David Benoit, co-founder and Managing Partner of Pelorus Advisors said, “We are extremely pleased that GlobalBridge has entrusted our experienced team of due diligence professionals to assist it with its continued approach to comprehensive manager due diligence. With a large and growing base of customers that demand transparency and accountability, GlobalBridge recognizes the importance of conducting thorough, independent and conflict-free due diligence on its managers’ control structures. Benoit added, “Making sure these manager audits are performed by professionals that have spent years building and running hedge fund operations was critical to its selection of Pelorus Advisors for this extremely important control function.”

GlobalBridge, based in Minneapolis, Minn. offers separately managed account (SMA) programs to trust banks and advisors for individual and institutional investors nationwide. GlobalBridge is the only program that offers complete open architecture in all major trust accounting systems, custodial relationships, investment vehicles, trading and investment manager selection. www.globalbridge.com

Headquartered in Connecticut, Pelorus Advisors provides truly independent and experienced operational due diligence for leading investors looking to identify and address unseen risks associated with their hedge fund holdings and investments. Pelorus also offers specialized risk management services in the areas of Earnings and Expense Optimization, Intellectual Property and Foreign Exchange Hedging. www.pelorusadvisors.com