CHICAGO--(BUSINESS WIRE)--Northern Trust (NASDAQ: NTRS) announced today it has received the Hedge Fund Administrator of the Year award from Custody Risk magazine.
“We are proud to receive this honor from Custody Risk magazine, highlighting our expertise, robust technology, and ability to service complex fund structures,” said Peter Sanchez, head of Northern Trust Hedge Fund Services. “This award validates our emphasis on client-driven innovation and solutions to meet the complex and evolving needs of the hedge fund industry.”
Custody Risk magazine covers custody and fund administration services, with a readership of global securities industry investment and operations decision makers. Award submissions were evaluated by an independent panel of industry experts who considered factors such as new business won, product innovation, client satisfaction, business profile and overall expertise.
The award was presented at the recent Custody Risk Global Awards ceremony, held in London. Northern Trust won the award based on several factors, including:
- Innovative service offerings across a range of vehicle structures and client types, including private equity hybrids and managed account platforms.
- A diligent risk management culture focused on providing real-time transparency to clients, including the ability to interact directly with investment book of record data.
- Comprehensive collateral management capabilities that ease administrative burdens associated with trading.
- Extensive regulatory support and a commitment to continue to invest to support clients’ regulatory needs.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2016, Northern Trust had assets under custody of US$6.7 trillion, and assets under management of US$946 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
© 2016 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.