Northern Trust places data analysis at the heart of new investor portal for hedge funds 

The digitised platform provides alternative asset managers and their investors with new investment data analysis capabilities. 

By Joe Parsons

Northern Trust has launched a new investor portal for hedge funds, offering updated data feeds, customised views and analysis in response to client demand for insight to empower their decision-making process. 

The Chicago-based bank has partnered with FinTech firm InvestCloud to bring its clients digitised investment data and cloud-based platforms that offer 24/7 access to their portfolio information. 

Northern Trust said subsequently the investor portal will enable alternative asset managers to provide a powerful data experience to their investors while gaining a deeper understanding of their investor base.  

“We aim to be an extension of our clients’ business and understand the significant role that technology plays in their relationships with investors,” said Jeff Boyd, chief executive officer of Northern Trust Hedge Fund Services. “With this innovative new portal, we have empowered our clients with greater agility to meet evolving investor expectations as the alternatives industry quickly becomes more complex.” 

Northern Trust added that future versions of the investor portal will also include electronic submission of capital activity and other supporting documents, as well as data visualisation for tracking committed capital against funded capital for private equity managers.  

The launched received praise from $9 billion alternative investment manager, CarlVal Investors. 

“Creating an industry-best investor experience is a top priority for CarVal,” said Chris Hedberg, chief financial officer of CarVal Investors. “This portal creates that experience by giving our investors more influence over their individual data consumption and interaction with our platform.” 

Northern Trust has sought to place technology solutions at the heart of its administration business and to provide enhanced middle-office services through its flagship hedge fund technology platform Omnium.  

In May, Northern Trust was selected by Modular Asset Management, a specialist Asian macro alternative investment manager spun out of US hedge fund giant Millennium Capital Management, to provide a range of custody, fund administration, middle-office outsourcing, collateral management and risk compliance monitoring services.