Northern Trust has been appointed by Sanders Capital to provide investment operations outsourcing and fund administration services. Sanders Capital, based in New York, is launching a series of funds in 2010.
Northern Trust recently announced positive Q4 2009 results. Assets under custody increased 22% to $3.7 trillion and assets under management rose 12% to $627.2 billion.
Northern Trusts expertise in middle-office outsourcing and successful history of supporting asset growth and new product launches for investment managers make them an ideal partner for our firm,” said Lewis A. Sanders, Chief Executive Officer of Sanders Capital. In addition to technology and operations strength, Northern Trust brings a commitment to best practices, compliance and governance standards that is critical to our foundation as an investment manager.
We are pleased to work with Sanders Capital, an institutional manager with a value orientation and a strong client-centric philosophy, said Peter Cherecwich, Chief Operating Officer for Corporate and Institutional Services at Northern Trust. By outsourcing investment operations and fund administration services, Sanders Capital can focus resources on its core mission of producing superior investment results for clients.