Northern Trust strikes ‘largest ever’ hedge fund data agreement

Northern Trust and AltX have agreed an exclusive deal to grant global institutional clients access to the largest ever amount of structured and unstructured data for hedge funds.

As a result of this partnership, institutional investors will have access to more than five million data points including over 70,000 hedge fund personnel profiles and 50,000 ADV fillings on a single platform.

The resulting product aims to offer clients increased transparency and oversight of investments.

“This exclusive agreement addresses our clients’ requirements for better transparency and clarity around their investments, ultimately helping them drive better business results,” said Peter Cherecwich, Americas head of corporate and institutional services at Northern Trust.

“Asset owners around the globe continue to seek access to more granular data in ever more meaningful ways,” said Sam Hocking, chief executive officer of AltX.

“Our expertise in data collation and 360° insights into the hedge fund industry, combined with Northern Trust’s focus on delivering customised data solutions for asset owners, makes for a truly innovative and powerful combination.”