Northern Trust fund administration secures 22 clients
Northern Trust’s hedge fund administration division has secured 22 client wins in the last seven months.
After the unit was formed by the acquisition of Omnium LLC in July 2011, new Northern Trust mandates include six new clients in the Asia-Pacific region.
Julius Wang, MD of Samena Asia Managers for Samena Capital, said of his firm’s administrator: "The quality of the overall team and people in Hong Kong gave us confidence that they could deliver top service levels for a wide range of investment strategies. We have not been disappointed."
Northern Trust now has more than $170 billion in hedge fund assets under administration.
