Northern Trust (Nasdaq: NTRS ) and AltX today announced that they have entered into an exclusive agreement to offer Northern Trust’s global institutional clients access to the largest ever amount of structured and unstructured data for hedge funds, on one platform.
The solution combines Northern Trust's asset servicing platform and AltX's hedge fund intelligence platform and aims to provide extensive manager and market insights by offering institutional investors access to more than five million data points, including over 70,000 hedge fund personnel profiles, 20,000 funds and 50,000 ADV filings. By enabling institutional investors access to these superior analytics and data visualization tools they can achieve greater transparency and oversight of their investments.
“This new data solution raises the bar for asset owners,” said Peter Cherecwich, Americas head of Corporate and Institutional Services at Northern Trust. “This exclusive agreement addresses our clients’ requirements for better transparency and clarity around their investments, ultimately helping them drive better business results.”
“Asset owners around the globe continue to seek access to more granular data in ever more meaningful ways,” said Sam Hocking, chief executive officer of AltX. “Our expertise in data collation and 360° insights into the hedge fund industry, combined with Northern Trust's focus on delivering customized data solutions for asset owners, makes for a truly innovative and powerful combination.”
“Asset owners and managers across sectors and continents are focused on deploying tools and technology to achieve enhanced oversight of their portfolios, which is why we established our Institutional Governance Service product and solution set,” said Penelope Biggs, global head of Northern Trust's Retirement Solutions Practice.
“This latest development between AltX and Northern Trust takes investment oversight to the next level and will allow Northern Trust clients to be at the forefront of innovation and market evolution,” she added.
AltX is the go-to intelligence platform for the hedge fund market. AltX combines innovative science, technology, relational and behavioral data, with traditional financial analytics and regulatory data, to deliver superior manager and market insights and to help users make smarter investment decisions. Proprietary algorithms, big data, superior analytics, real time news and relationship mapping help both investors and hedge funds identify more compatible investment relationships and opportunities. The AltX user base is made up of investment professionals from hedge funds, investment banks, service providers, pension funds, endowments, asset managers, family offices and more.
AltX, and parent company iMatchative, were founded in 2012, and are headquartered in San Francisco.
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 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$875 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.
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