Northern Trust has been appointed by Stenham Asset Management, a global fund of hedge funds manager with $3.5 billion in hedge fund assets under management, to provide custody, fund administration, credit and foreign exchange services.
Stenham Asset Management will be using Hedge Fund Monitor, Northern Trusts integrated online portfolio management tool, to provide information and analytics to its hedge fund of fund portfolios. The tool, updated through an online reporting system on a daily basis, will provide transparency into the performance and liquidity of Stenham Asset Managements portfolios of hedge fund investments.
We appointed Northern Trust based on the experience and expertise of their personnel, as well as their ability to provide innovative and market-leading technology within the fund of hedge funds arena, says Jeremy Alun-Jones, group managing director of Stenham Asset Management. We expect to make considerable productivity gains over many years through this association with Northern Trust.
Stenham Asset Management provides solutions for pension funds, charities, family offices and high net worth individuals, including both discretionary portfolios and funds of hedge funds.
We are delighted to have been appointed by Stenham Asset Management, says Toby Glaysher, head of Global Fund Services for UK, Ireland and Luxembourg at Northern Trust. Increasingly we are seeing fund managers looking to Northern Trust for solutions to support requirements from their investors to respond to demands for better transparency, greater control and more robust governance frameworks for their alternative investments. Our Hedge Fund Monitor product has been developed in response to client demands and designed to respond to these requirements.
Northern Trust in January won another big-ticket mandate with the $5 billion Lothian Pension Fund.