Northern Trust has been selected to provide custody and fund administration services to the 45.35 million Gottex Market Neutral Trust Limited, a fund of hedge funds.
Gottex, a Guernsey-registered, closed-ended investment company, trades on the London Stock Exchange. It has a global focus and seeks to achieve its investment objective through investing in underlying, independently market neutral hedge funds.
“We’re delighted to be working with Gottex Fund Management as we continue to grow our alternative fund administration business,” says Sue Baines, global fund services sales manager at Northern Trust. “This is the first listed fund to be established under the recently introduced Guernsey registered closed-ended investment fund regime that enables regulatory consent to be granted within 72 hours of the application being submitted.”