Northern Trust has expanded its suite of reporting for custody clients with a new tool that offers comprehensive views of investment information on private market assets held in a range of commingled and unitized fund structures.
The Alternative Funds (AF)-Fund Valuation Status Summary tool integrates data including cash flows and valuation information online to assist clients in their management and due diligence of these specialized assets.
The Fund Valuation Status Summary complements Northern Trusts comprehensive reporting on partnership investments in private equity, real estate and other alternative assets. The new summary report, available to clients online, combines alternative asset holdings information from Northern Trusts portfolio valuation records with data sourced from fund company statements to deliver consolidated pricing, market value, valuation, and statement tracking information for clients invested in alternative funds.
“As clients increase their exposure to alternative assets they need tools that make it easier for them to track these assets,” said Paul Finlayson, product manager for Northern Trust’s Alternative Assets products. “Northern Trusts reporting is designed to provide clients with the specific data they need, so they can focus on analysis rather than data crunching and scrubbing.
The Fund Valuation Status Summary presents information from a variety of fund types, including commingled funds, unitized hedge funds, money market funds, Canadian pooled funds, unitized real estate funds and other alternative unitized funds.
The Church Pension Group, which invests funds on behalf of clergy and lay employees in the US, is a user of the tool. Its vice president of finance, Max Giacomazzi, said: As our company is a significant investor in private equity and other alternative assets, my department appreciates Northern Trust’s commitment to providing extensive reporting.
(JDC)