Northern Trust has been appointed by the Diversified Credit Investments (DCI) family of funds to provide a range of fund services, including trade processing, derivatives maintenance, collateral management and fund administration, as well as custody for approximately $2.8 billion in fixed income funds.
The DCI funds are managed by Diversified Credit Investments LLC, based in San Francisco.
“As a U.S. investment manager with offshore funds, DCI is positioned to benefit from Northern Trust’s single, global technology architecture as a platform for fund administration and investment operations services,” said Peter Cherecwich, chief operating officer for Corporate and Institutional Services at Northern Trust. “Northern Trust has a strong commitment to meeting client objectives through individualized solutions and our ability to support operations in markets worldwide. We look forward to building a relationship with DCI and helping them to realize their goals as an investment advisor with an innovative approach to fixed income management.”