Chicago, IL - 22 January 2008

Caledonian Global Fund Services today announced the appointment of John Peterson as head of sales and marketing in the U.S for its Chicago-based subsidiary, Caledonian Fund Services (USA) LLC. Peterson brings experience from the hedge fund side of the business in investor relations and capital-raising, as well as from the administration side where he served as a principal of a Chicago-based fund administration firm.

“John is a key addition to our team at an exciting stage of our evolution”, said Jim Gabriele, managing director of Caledonian Fund Services (USA) LLC. “His well-rounded experience and successful track record will be vital to Caledonian in formalizing our marketing and sales efforts in the U.S.” Peterson will be based in Chicago and will expand Caledonian’s sales and marketing efforts in the primary hedge fund markets across the U.S.

“We are extremely pleased that John has joined us. He is well known in the industry and brings over 15-years experience to the Caledonian team in such an important role,” said Mr. Ali Mudeen, director of Caledonian Global Fund Services.

“In addition, we believe that this is yet another step in the right direction as we seek to deliver unparalleled client service and solutions to managers of hedge funds and fund of funds,” said Mudeen.

Peterson said, “I am delighted to join a management team leading the charge to bring institutional services to hedge funds. We are a unique mix of savvy industry veterans and cutting edge visionaries. Caledonian has not lost sight of the fact that it’s your people that separate you from the crowd.”

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