Bermuda-based Butterfield Fulcrum has been selected by Red Kite, one of the world’s leading metals-focused fund groups, as the company’s fund administrator.After a detailed analysis of Red Kite’s specific requirements, Butterfield Fulcrum designed a customised solution to meet the client’s needs. Teams from both Red Kite and Butterfield Fulcrum worked together to develop a unique bespoke administration process.Glenn Henderson, CEO of Butterfield Fulcrum, said: “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.”Red Kite said: “We are delighted to select Butterfield Fulcrum as our fund administrator and we look forward to a close working relationship in the future.”