Chicago
19 April 2016
Reporter: Drew Nicol
Northern Trust to leverage AltX’s big data solution
An exclusive agreement between AltX and Northern Trust to grant the bank’s institutional clients access to AltX’s hedge fund data platform has been confirmed.

The solution combines Northern Trust's asset servicing platform and AltX's hedge fund intelligence platform to provide improved manager and market insights, according to Northern Trust.

AltX offers access to more than five million data points, including over 70,000 hedge fund personnel profiles, 20,000 funds and 50,000 ADV filings.

“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.”

Sam Hocking, CEO of AltX, added: “Asset owners around the globe continue to seek access to more granular data in ever more meaningful ways.”

“Our expertise in data collation and 360-degree insights into the hedge fund industry, combined with Northern Trust's focus on delivering customised data solutions for asset owners, makes for a truly innovative and powerful combination.”

More data services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Kas Bank secures LGPS reporting and monitoring mandate
28 March 2017 | London | Reporter: Mark Dugdale
The custodian and fund administrator was appointed by Norfolk County Council, whose framework will be used to provide performance monitoring services to all 89 LGPS funds
Wolters Kluwer wins reporting mandate
24 March 2017 | Moscow | Reporter: Stephanie Palmer
Nordea Bank Russia is set to go live with the Wolters Kluwer OneSumX Risk and Management Information Systems reporting solution
Quest for ‘warehouses of truth’
15 March 2017 | London | Reporter: Stephanie Palmer
Increased data quality is the main benefit of data warehousing for asset managers
Linedata in fixed income analytics partnership
13 March 2017 | London | Reporter: Stephanie Palmer
Linedata is extending its partnership with Morningstar to provide fixed income and credit derivatives analytics to its fund services clients
AxiomSL wins second Banco Sabadell mandate
13 March 2017 | Barcelona | Reporter: Stephanie Palmer
Spanish banking group Banco Sabadell has selected AxiomSL to provide automated regulatory reporting services for its Barcelona headquarters
KYC data causing chaos at ITAS
02 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Know-your-client requirements pose a major challenge for clients opening accounts with transfer agents, and the only way to manage this challenge is through a common solution on which the industry cannot seem to agree
Eagle wins new business in Singapore
15 February 2017 | Singapore | Reporter: Stephanie Palmer
Singapore-based insurer NTUC Income has selected Eagle Investment Systems to provide data management, investment accounting and performance measurement systems
More data services news