Northern Trust Hedge Fund Services Expands Capabilities to Meet Growing Demand for Energy Investing
26 Agosto 2024 - 4:00PM
Business Wire
Northern Trust unveils first of its kind
feature on the Omnium platform, uniting portfolios across public,
private, and commodity markets
Northern Trust (Nasdaq: NTRS) announced today that Northern
Trust Hedge Fund Services (NTHFS) has enhanced its platform to
support the growing number of asset managers who trade spots,
forwards, futures and physical contracts in energy and physical
commodities.
As asset managers expand their portfolios to generate alpha in
developing asset classes, they increasingly seek the resources that
can help them track risks more effectively. With the addition of
energy and physical commodities, NTHFS can support clients who
trade these products across multiple markets and regions while also
providing a unified investment book of record and accounting book
of record across public markets, private markets, and
commodities.
“Hedge fund managers are eager to invest in energy and physical
commodities, but there’s a gap in the market when it comes to
servicing these products, where settlements can include physical
delivery obligations on multiple time horizons as well as financial
implications,” said Jeff Boyd, Head of Northern Trust Hedge Fund
Services, Americas. “We have worked with our clients to enhance our
capabilities to develop the hands-on service, expertise and data
transparency that they expect from Northern Trust. These changes
further increase the breadth and depth of capabilities of the
market-leading Omnium platform, offering unrivaled product support
to our clients.”
“Northern Trust Hedge Fund Services has been an instrumental
partner as our trading support needs have evolved as we continue to
scale and enter new markets,” said Christopher Newman, Head of
Operations at Squarepoint Capital.
The new energy and physical commodities offering will be
available through Omnium, Northern Trust's integrated middle office
and accounting platform that supports a wide array of asset classes
and investment vehicles. This enhancement complements Omnium's
web-based dashboards which can be customized to deliver the full
scope of relevant, actionable information to each client, allowing
them to optimize their investment strategies.
“The key to success for NTHFS has always been our ability to
adapt and support clients as they explore alpha generating
opportunities. Expanding our capabilities in the commodity space
serves as a testament to that ethos – we’re dedicated to developing
solutions that are fit for purpose and designed to allow our
clients to focus on what matters,” said Nadia Cobalovic, co-Chief
Operating Officer of Northern Trust Hedge Fund Services.
Northern Trust Hedge Fund Services (NTHFS) specializes in
providing integrated middle and back-office administration to
alternative fund managers and institutional investors with complex
portfolios. Northern Trust continues to heavily invest in the
Omnium platform to build out its capabilities to address future
industry needs, working side by side with our clients to further
enhance the user experience, maximize transparency and drive
Operational Alpha. To learn more visit
www.northerntrust.com/hfs.
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 a global presence
with offices in 24 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of June 30, 2024, Northern Trust had assets under
custody/administration of US$16.6 trillion, and assets under
management of US$1.5 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
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/terms-and-conditions.
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version on businesswire.com: https://www.businesswire.com/news/home/20240826401050/en/
Europe, Middle East, Africa & Asia-Pacific: Camilla Greene
+44 (0) 20 7982 2176 Camilla_Greene@ntrs.com Simon Ansell + 44 (0)
20 7982 1016 Simon_Ansell@ntrs.com
US & Canada: John O’Connell +1 312 444 2388
John_O’Connell@ntrs.com http://www.northerntrust.com
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