Opus Fund Services has been ranked "top rated" hedge fund administrator in the annual Global Custodian survey of 1,420 hedge fund clients across 81 administrators.

In what the magazine called "a few basis points from perfection", Opus provides outsourced back-office operations and fund administration services, for a client base that rated Opus at a near perfect score across all service areas.

In its report, Global Custodian said: "They aim to deliver a combination of high-touch and high-tech that ought to appeal to small and mid sized hedge fund managers, and it does."

Opus, which was founded in 2006, is headquartered in Bermuda and also has offices in Chicago and San Francisco.

"The results of the Global Custodian survey are unparallelled in importance as the recognition is driven by our clients," said President, Stephen Giannone. "The results of this survey follow-up closely to HedgeFund.net naming Opus as the fastest growing fund administrator in 2009.

CEO Robin Bedford said: "Such exceptional client recognition shows a fundamental culture driven towards outstanding quality, service and value."

This is the 15th annual survey of hedge fund administrators by Global Custodian.

Hedge fund administrators in the survey are rated by a sample group of their clients on 71 questions divided into 15 service areas: client service, value, fund accounting, OTC derivatives, investor services, reporting to investors, reporting to fund managers, compliance and taxation, corporate administration, fund structures, fund of funds administration, middle office services, credit/leverage, technology, and risk management.