Northern Trust's technology launches have been focused on providing added transparency and enhancing investor experience for hedge funds.
Tag: hedge fund administration
Hedge fund administration has been cited as the perfect testing ground for new technologies, such as artificial intelligence and natural language processing.
Revenues for the technology giant more than doubled and reached nearly $3.5 billion for the end of 2018.
Peter Sanchez, Northern Trust’s head of North America Alternative Investment Services, gives his view on how the custodian has dealt with being the independent verifier for Bridgewater Associates.
Eileen Murray, co-CEO of Bridgewater Associates, helped launch the industry’s first dual-outsourcing model using two custodians. Joe Parsons speaks to Murray about how the world’s largest hedge fund has utilised this model.
The deal increases Apex’s AuA to $560 billion, after completing the onboarding process of Deutsche Bank’s Alternative Fund services business in June.
ExodusPoint Capital Management was described as the largest start-up fund of all time when it went live at the start of summer.
The French bank has identified hedge funds as a key growth target over the past year, being one of a small group of remaining bank-owned hedge fund administrators.
The creation of the new unit comes one month after Northern Trust closed its acquisition of the Omnium technology platform from Citadel.
Trident Trust and Theorem Fund Services have gone live on the crypto back-office platform, with Apex Fund Services and North Street Global among those onboarding clients.