Northern Trust Hedge Fund Services has been selected by Magnetar Capital to provide its middle- and back-office fund administration services and regulatory reporting.
Founded in 2005, Magnetar Capital is an Illinois-based alternative asset manager.
Ernie Rogers, Magnetar Capital COO and CFO, said: “Given the volume and intricacy of our strategies, we needed a partner that could evolve alongside our operational demands and support a wide array of investor services. We selected Northern Trust for its unique combination of technology, operational excellence and industry expertise.”
Jeff Boyd, CEO of Northern Trust Hedge Fund Services, commented: “In this fast-paced market, fund managers need innovative solutions that support their growth and fit their company’s needs now and in the future.”
He added: “We are thrilled to be able to work with Magnetar Capital, offering client tailored services to support their evolving needs.”
