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Northern Trust Selected by Anchorage Capital Group for Hedge Fund Administration

CHICAGO--(BUSINESS WIRE)--

Northern Trust (NTRS) announced today it has been appointed by Anchorage Capital Group, L.L.C., a leading New York-based investment adviser, as its strategic partner for hedge fund administration.

“Northern Trust’s strong commitment to client service, collaboration and efficiency, combined with their leading-edge technology, make them the ideal partner for our administration needs,” said Natalie Birrell, Partner and Chief Operating Officer of Anchorage Capital Group.

“In challenging markets, fund managers need flexible and scalable operational solutions from a strategic partner that will provide an exceptional level of service to their investors,” said Jeff Boyd, Chief Executive Officer, North America, of Northern Trust Hedge Fund Services. “Our global capabilities and understanding of the market align well with Anchorage’s needs. They have our full commitment to provide them with holistic solutions to meet today’s demands and adapt to support their investment strategies in the future.”

Northern Trust Hedge Fund Services is a leading provider of administration and middle office services for alternative fund managers and institutional investors with complex portfolios. Delivered through the Omnium platform, its full-service operating model supports a myriad of asset classes and strategies, providing integrated middle office capabilities from the point of trade capture all the way through to investor statements around a single set of books and records. This extreme level of integration enables flexibility around attribution and strategy tagging and real-time transparency into portfolios.

Northern Trust supports more than US$1 trillion in alternative assets on behalf of global asset managers and asset owners across the full spectrum of alternative assets including hedge funds, private equity, real estate, infrastructure, renewable energy and debt funds.

About Northern Trust

Northern Trust Corporation (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 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2019, Northern Trust had assets under custody/administration of US$10.9 trillion, and assets under management of US$1.2 trillion. 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.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

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