Northern Trust has added peer universe comparisons to the risk and performance information available through Northern Trust Data Direct.
Clients now can compare their performance with more than 75 universes in the Northern Trust Investment Risk & Analytical Services (IRAS) database, including foundations and endowments, corporate pensions, public funds and wealth management plans in North America. Comparisons can be customized at the plan level or for different investment programs and accounts.
The introduction of peer universe information to Data Direct aligns with our strategic goal of providing access to information that meets the analytical needs of institutional clients, says Paul dOuville, global head of Product Management of Northern Trust. The best information in the world is useless if clients cannot access it whenever, wherever and however they need it. Data Direct is a popular solution for clients that want to integrate Northern Trusts analytical content within their own reporting structure.
Data Direct is an interactive Microsoft Excel plug-in program that uses Web services to retrieve information from various Northern Trust databases. Launched in October 2010, it allows clients to examine internal rates of return, hedged currency returns, contribution reporting, duration-adjusted exposure and holdings-based analysis.
(CG)