Custom House gets MQ rating

Custom House Administration & Corporate Services has received a Baa1 management quality (MQ) rating from Moody's Investors Service.

Custom House is the first fund administrator in the world to be given an MQ rating by Moody's, according to the group.

In assigning the rating Moody's said Custom House's management has demonstrated it has a comprehensive understanding of the hedge fund management business, backed up by experience.

Dermot Butler, chairman of Custom House, said: 'By achieving a Baa1