Fund Administrator Licencees

AMS GLOBAL FUND SERVICES LIMITED

APEX FUND SERVICES LTD.

ARGONAUT LIMITED

AUXILIUM FUND SERVICES LTD.

BCB ASSET MANAGEMENT LIMITED

BEACON FUND SERVICES (BERMUDA) LTD.

BERMUDA FUND ADMINISTRATION LTD.

BNY MELLON ALTERNATIVE INVESTMENT SERVICES LTD.

BUTTERFIELD FULCRUM GROUP (BERMUDA) LIMITED

CACEIS (BERMUDA) LIMITED

CACEIS (CAYMAN) LIMITED

CITCO FUND SERVICES (BERMUDA) LIMITED

CITI HEDGE FUND SERVICES, LTD.

CITIGROUP FUND SERVICES (BERMUDA) LTD.

CONSOLIDATED FUND SERVICES LIMITED

DELPHI MANAGEMENT LIMITED

DUNDEE LEEDS MANAGEMENT SERVICES LTD.

DYNA MANAGEMENT SERVICES LTD.

EQUINOXE ALTERNATIVE INVESTMENT SERVICES (BERMUDA) LIMITED

FIL LIMITED

FULCRUM LIMITED

GLOBAL FUND SERVICES LTD.

GROSVENOR FUND ADMINISTRATION LIMITED

HARBOUR FINANCIAL SERVICES LIMITED

HSBC BANK BERMUDA LIMITED

HSBC SECURITIES SERVICES (BERMUDA) LIMITED

ILS FUND SERVICES LTD.

ISIS FUND SERVICES LTD.

JPM ADMINISTRATION SERVICES (BERMUDA) LIMITED

JUPITER ASSET MANAGEMENT (BERMUDA) LIMITED

LEMAN MANAGEMENT LIMITED

MARSH IAS MANAGEMENT SERVICES (BERMUDA) LTD.

MERIDIAN FUND SERVICES (BERMUDA) LIMITED

OLD MUTUAL ASSET MANAGERS (BERMUDA) LIMITED

OPUS FUND SERVICES (BERMUDA) LTD.

PRIME MANAGEMENT LIMITED

STERLING MANAGEMENT LIMITED

STONE COAST FUND SERVICES LTD.

SWISS FUND SERVICES LTD.

TROMINO FINANCIAL SERVICES LTD.

UNION BANCAIRE PRIVEE ASSET MANAGEMENT (BERMUDA) LIMITED

WINCHESTER FIDUCIARY SERVICES LIMITED

WOODMONT MANAGEMENT LTD.