INTEGRE ADVISORS LAUNCHES OUTSOURCED ADMINISTRATION PROVIDER

Posted February 5, 2009

NEW YORK -- Integre Advisors, a New-York based asset management firm, is launching Integre Administration LLC, a subsidiary to provide outsourced buy-side administration for independent money managers.

“Many smaller money managers are in a bind. With the market’s erosion, portfolios are down and so are fees, while infrastructure costs remain the same,” says Manny Weintraub, Principal and founder of Integre Advisors. “We are providing a new way for money managers to cut the costs and staff of their middle-office while ensuring safe, reliable, and verifiable records. We are equipped to handle all of the day-to-day administration and operations of their customer accounts.”

Integre Administration LLC will serve discretionary money managers of separately managed accounts, high-net worth investors, pension funds, and IRAs, offering full middle- and back-office services. Integre provides a complete database structure, computer systems in a secure location, on-site and off-site data backup and storage, system mobility for disaster planning, and a telephone system with VOIP capability for location mobility.

“We understand money management from the inside out,” says Michael J. Marone, Chief Operating Officer and Chief Compliance Officer of Integre Advisors, who will run Integre Administration. “We have made major investments in software and infrastructure to ensure independent money managers that their middle- and back-office operations will run smoothly and seamlessly.”