Northern Trust Hedge Fund Services mandated by Alcova
Latest news
Northern Trust Hedge Fund Services mandated by Alcova 22 October 2013London Reporter: Georgina Lavers
Image: Shutterstock
Alcova Asset Management has selected Northern Trust Hedge Fund Services to provide a full range of administrative and middle-office outsourcing services to its quantitatively driven, equity market-neutral fund.
"Fund managers are increasingly looking for solutions that support real-time data delivery," said Liam Butler, head of Northern Trust Hedge Fund Services Europe. "This helps them meet demands for transparency particularly as they implement various global regulations."
"We were looking for a partner who had made an industry leading investment in technology and built an integral middle-office service from day one," said chief operating officer and partner at Alcova Asset Management, Russell Hart.
"Northern Trust, through its global scale and experience in providing specialist hedge fund administration, demonstrated an understanding of the intricacies of our strategy and met all our requirements."
Madeleine Senior, head of custody and fund administration sales for Northern Trust in Europe, Middle East and Africa, said that the bank’s advanced technology solutions support Alcova's differentiated approach that is equal parts quantitative and discretionary and are designed to evolve with them.
Northern Trust's Hedge Fund Services group provides specialist administration services to approximately 800 funds across more than 150 client managers from its client servicing locations in Dublin, Limerick, London, Luxembourg, Guernsey, Chicago, New York and Hong Kong.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 