Institutional plan sponsors lost almost 1 percent in the third quarter at the median, according to Northern Trust Universe data. Longer term performance remains strong, with 1-year returns for all plan types averaging 10 percent or greater.
Northern Trust has been named Best Private Bank in the USA for the sixth consecutive year by Professional Wealth Management (PWM) and The Banker magazines, both published by The Financial Times Group. Northern Trust, a leading provider of Wealth Management services for affluent individuals, families and family offices, was also named Best Private Bank for Socially Responsible Investing.
Volunteers from Northern Trusts (Nasdaq: NTRS) London office, in collaboration with the Royal Philharmonic Orchestra (RPO), have helped children with special educational needs at Paddock Secondary School explore their ambitions, goals and dreams through music.
Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, today declared a quarterly cash dividend of $0.33 per share on its common stock ($1.66-2/3 par value), payable on January 1, 2015 to stockholders of record on December 5, 2014.
Northern Trust (Nasdaq: NTRS) today announces its continued expansion across Asia-Pacific with the establishment of a Representative Office in Seoul, South Korea, following regulatory approval from the Financial Services Commission (FSC). The Representative Office in Seoul will be led by Chief Representative Byun Jai Yung.
Northern Trust Focus Funds, the target date retirement solution created for defined contribution (DC) plans by Northern Trust Asset Management, mark their five-year anniversary today. Started with a $350 million seed investment in October 2009, the funds have grown to more than $7 billion in assets under management.
Investment managers have moderated their expectations for growth in the U.S. economy and identified geopolitical risk and increased market volatility as top concerns, according to a quarterly survey conducted by Northern Trust Asset Management.
Northern Trust (Nasdaq: NTRS) has been appointed by Westminster City Council and the London Borough of Hammersmith and Fulham to provide global custody, investment accounting and performance measurement services for GB£1.9 billion (approximately US$3 billion) in pension fund assets.
Start-up alternative investment management firm, BlueHive Capital, has selected Northern Trust (Nasdaq: NTRS) to provide specialist hedge fund administration services and middle office outsourcing for its newly launched fund. As part of the broad mandate, Northern Trust will also provide depositary services.