Startup Asset Manager Picks Northern Trust to Provide Middle-Office Services

New York-based asset manager R Squared Capital Management has outsourced certain middle-office investment operations to Northern Trust.
By Jake Safane(2147484770)
New York-based asset manager R Squared Capital Management has outsourced certain middle-office investment operations to Northern Trust.

The asset manger started operations in 2013 and launched its first mutual fund at the end of November that year for both institutional and retail investors. Now, Northern Trust will provide trade matching, data management, portfolio accounting, client reporting, reconciliations, and risk and performance services for R Squared.

“As a start-up company, we are especially concerned about superb execution for our clients,” says Rudolph-Riad Younes, chief executive officer and chief investment officer of R Squared. “Northern Trust brings a strong global presence, a stellar reputation for client service and streamlined operations, which will help us to grow our business and capture cost efficiencies.”

“We are excited about our new partnership with R Squared,” says Dan Houlihan, head of Global Fund Services in North America for Northern Trust. “The integrated nature of our operations platform allows our clients to simplify their business and focus on the essentials. Reduced administrative burdens and access to accurate data are increasingly important as economic volatility grows and regulatory challenges continue to mount.”

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