Northern Trust gains fund admin mandate to support Pershing Square
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Northern Trust gains fund admin mandate to support Pershing Square 12 November 2020Guernsey Reporter: Maddie Saghir
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Northern Trust has been selected to support Pershing Square’s Guernsey, Cayman and Delaware domiciled funds.
This follows Northern Trust’s recent appointment to provide fund administration services for Pershing Square Capital Management.
Commenting on the new mandate, Jeff Boyd, CEO of Northern Trust hedge fund services, said: “We’re very excited to begin this relationship with Pershing Square.”
“We pride ourselves on our global reputation and are thrilled to support Pershing Square’s investment business with a consistent high-quality service across regions.”
Pershing Square chief financial officer Michael Gonnella, added: “Northern Trust has all the capabilities we were looking for in our administration partner. Northern Trust is able to execute the complex daily, weekly and monthly requirements for our funds and deliver seamless service across geographies and products.”
The new portal, which has been built in partnership with fintech provider InvestCloud, will provide an enhanced investor experience, updated data feeds, as well as customised views and analysis.
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