Northern Trust launches alternative fund services 17 July 2018Chicago Reporter: Maddie Saghir
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Northern Trust has launched North America alternative fund services.
This new group combines established private equity and hedge fund services businesses to deliver market-leading capabilities.
According to Northern Trust, the group will address the complex operational and strategic needs of an evolving alternative asset management industry.
Peter Sanchez, head of Northern Trust hedge fund services, will lead the group.
Meanwhile, Jeff Boyd had been promoted to lead head fund services in North America, and he will report to Sanchez.
Pete Cherecwich, president of corporate and institutional services at Northern Trust, said: “Investment managers face new operational challenges as they move across asset classes to more complex portfolio construction approaches—incorporating private equity, real estate, infrastructure as well as hedging strategies in the search for yield.”
He added: “Under Peter Sanchez’s proven leadership, our North America alternative fund services group provides a sophisticated technology platform, operational expertise and service model that delivers unrivalled support to the most innovative asset managers and their clients.”
Sanchez commented: “Bringing private equity and hedge fund services together leverages Northern Trust’s strong footprint in both sectors and enables us to deliver increasingly innovative solutions for this dynamic market.”
He continued: “As a strategic operations partner, alternative fund services can provide the technology platform, transparency tools and domain expertise to help asset managers thrive in a changing marketplace.”
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