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Northern Trust Press Release

 
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Alcova Asset Management Selects Northern Trust for Specialist Hedge Fund Servicing

London, October 21, 2013 —

 

Alcova Asset Management LLP has selected Northern Trust Hedge Fund Services to provide a full range of administrative and middle-office outsourcing services to its quantitatively driven, equity market-neutral fund.

The mandate from the UK-headquartered quantitative hedge fund manager is the latest announced by Northern Trust Hedge Fund Services.

“Fund managers are increasingly looking for solutions that support real-time data delivery,” said Liam Butler, head of Northern Trust Hedge Fund Services Europe.  “This helps them meet demands for transparency particularly as they implement various global regulations.”

“We were looking for a partner who had made an industry leading investment in technology and built an integral middle-office service from day one,” said Chief Operating Officer and Partner at Alcova Asset Management LLP, Russell Hart. “Northern Trust, through its global scale and experience in providing specialist hedge fund administration, demonstrated an understanding of the intricacies of our strategy and met all our requirements.”

“We are pleased to provide specialist hedge fund administration and middle office outsourcing services to Alcova,” said Madeleine Senior, head of custody and fund administration sales for Northern Trust in Europe, Middle East and Africa. “Our advanced technology solutions support Alcova’s  differentiated approach that is equal parts quantitative and discretionary and are designed to evolve with them.”

Northern Trust’s Hedge Fund Services group provides specialist administration services to approximately 800 funds across more than 150 client managers from its client servicing locations in Dublin, Limerick, London, Luxembourg, Guernsey, Chicago, New York and Hong Kong.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 18 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2013, Northern Trust had assets under custody of US$5.2 trillion, and assets under investment management of US$846.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.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 http://www.northerntrust.com/disclosures

 

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