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Hedge Fund Passport
Trade Processing
Asset Servicing
Valuation
Cash Management
Fund Administration
Investor Services
Implementation
"Their technology is built to scale - seamlessly, accurately, and reliably. These qualities are essential to support the trading activities of a fund that trades significant volumes of trades on a daily basis like ours."
- Josh Goldstein, COO,
Verition |
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Continuing our commitment to transform the client-administrator relationship, Northern Trust collaborated with clients, investors and our premier team of technologists to develop Northern Trust Hedge Fund Passport. The innovative technology suite:
- Empowers its users to access, configure and manage data in real-time.
- Seamlessly integrates with our clients' books and records to ensure constant data consistency between systems.
- Allows for configurable, permission based access to facilitate varying employee and investor transparency needs.
- Supports multi-PB, multi-counterparty and multi-trading systems.
Via simple, web-based deployment from your desktop; experience administration like you never thought possible.
Cross-Application Functionality
- View trades and positions across all funds, strategies, desks, asset classes, counterparties, trading systems and custom labels
- Customize views with flexible filtering and pivoting options
- Customize data layout with column sort, hide, drag and drop functionality
- Import and export data directly from the applications based on industry standard file formats
Transaction Management
- View all trades in real-time
- Book, allocate, monitor affirmation and post trades in real-time to books and records across time zones
- Utilize rules-based allocation logic for multi-fund and multi-prime strategies, as well as flexible commission schedule configurations by region, currency, counterparty and financial type
- Identify and correct trade booking errors on trade date and amend trades on T+1 via an exception blotter and electronic, automated workflows with the account management team
- Query for historical transactions inclusive of trades, corporate actions, accruals, pay downs and any lifecycle events affecting your portfolio
- Monitor a comprehensive audit trail to track all trade events inclusive of trade bookings, allocations, cancels, amendments and other post trade lifecycle events
Position & P&L Management
- View your portfolio with live intraday updates of positions based on new transactions including trades, amendments, corporate actions and other post trade lifecycle events
- View price and P&L updates when new data is received
- Slice and dice your portfolio based on customizable hierarchical views of your portfolio, P&L and prices for real-time intraday and historical analysis, with flexible grouping, drill-down and filtering functionality
Cash Management
- Enter cash transactions directly to your books and records
- Enter and approve outbound wire requests from your bank account and monitor the status in real-time
- Maintain payment models in the system for maximum control and efficiency
Valuation Center
- Utilize the interactive valuation dashboard as a central console for current and historical pricing data
- Upload prices and monitor posting status to ensure successful processing
- Access your security master for referential data on all positions in your portfolio
Reporting, Custom Labels & Online Help
- Manage your daily, monthly and yearly reports, available in PDF, XLS and CSV
- Assign custom descriptive labels for your positions and symbols, and incorporate them in your views of position and P&L for attribution
- Take advantage of intuitive, context-specific online help, accessible directly from each application
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