ExodusPoint has selected Northern Trust Hedge Fund Services (NTHFS) for fund administration.
NTHFS will provide fund administration, risk services, and liquidity services for ExodusPoint.
Enrico Corsalini, COO of ExodusPoint, commented: “Given our platform’s significant trading volumes, breadth of products, and need for scale, ExodusPoint requires an administrator with superior technology and broad expertise.”
He added: “Ultimately, it was Northern Trust’s combination of technology, expertise in supporting complex businesses, strong client relationships and flexible service model that led to our decision.”
Jeff Boyd, head of Northern Trust Hedge Fund Services, North America, said: “ExodusPoint needed an efficient, scalable solution for data aggregation, intuitive analytics and highly customized operating model in order to meet their internal needs and provide a high level of transparency to investors.”
“We approach sophisticated alternative investment managers like ExodusPoint as an operations partner that can provide holistic solutions to meet current needs and adapt to support new investment strategies, operating models and markets.”
