Northern Trust to leverage AltX’s big data solution
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Northern Trust to leverage AltX’s big data solution 19 April 2016Chicago Reporter: Drew Nicol
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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.”
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