Fortis Prime Fund Solutions is appointed by Peak6 performance management as fund administrator (13/03)

New York, NY, March 13, 2006 – Fortis Prime Fund Solutions (Cayman) Ltd., a division of Fortis Merchant and Private Banking announced that the board of directors of PEAK6 Performance Management LLC has appointed Fortis Prime Fund Solutions as fund administrator. Peak6 Performance Management LLC is a group of volatility arbitrage funds managed by Peak6 Advisors LLC of Chicago. Fortis is a fund administrator to the alternative investment industry servicing $255 billion in assets.

“Volatility arbitrage is a demanding, high-volume alternative investment strategy,” said Bob Foley of Peak6 Advisers LLC. “Our funds currently trade 7,000 instruments per day, including options, stocks, ADRs and stock indic es. Peak6 selected Fortis as administrator because Fortis possesses the technology, expertise and procedures to meet our accounting and shareholder servicing needs on a timely basis.”

“Fortis has established its reputation in the alternative investment marketplace as a top-quality administrator by utilizing the best technology, retaining high quality staff and assuring a consistent service to our clients. It is well known that we are ambitious about our growth, but we are also known for managing this growth well,” said Jacques Bofferding, Managing Director in charge of Fortis Prime Fund Solutions Americas. “Fortis is very pleased that Peak6 has joined our circle
of business partners.”

About PEAK6 Investments

PEAK6 Investments, LP was founded in 1997 and is headquartered on the original
Chicago Board of Trade trading floor. PEAK6 Capital Management LLC, an
affiliated market-making and proprietary trading firm, is a leading provider of
liquidity to the options market.

About Fortis Prime Fund Solutions

Fortis Prime Fund Solutions (Cayman) Ltd., a division of Fortis Merchant and Private Banking. The main activities of Prime Funds Solutions, the unit of Fortis dedicated to servicing the alternative investment community, include providing fund administration services from eight global operations sites and financing to fund of funds. 

About Fortis

Merchant and Private Banking is a division of Fortis. Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalization of EUR 42.4 billion (28/2/2007), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 50 countries and our dedicated, professio nal workforce of 60,000 enable us to combine global strength with local flexibility and provide our clients with optimum support.