Northern Trust named FoHFs Administrator of the Year
Northern Trust has been named the Fund of Hedge Funds Administrator of the Year at the inaugural HFMWeek Service Provider Awards held in London last month.
The awards recognise companies that have outperformed their peers during 2008-2009 and demonstrated financial progress, growth and genuine innovation.
Judges cited Northern Trust’s dedication and expertise as a fund of hedge funds (FoHF) provider as well as its growing client base.
Ian Headon, product manager for alternatives at Northern Trust – which has a significant presence in Guernsey, said: “We are delighted to receive this award, which recognises our commitment to working in partnership with our clients to deliver innovative solutions across the FoHF and wider hedge fund investing spectrum.
“The development of our Hedge Fund Monitor solution, which gives FoHF, institutional investors and others, access to a range of daily, vital fund data, and continuing updates to this solution, is just one of the ways we are working to continue to enhance our offerings to investors in hedge fund portfolios.”
Northern Trust is a leading, global administrator of FoHF with approximately US$50 billion of hedge funds under administration as at 31 March 2009.
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