This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

CarVal Investors Selects Northern Trust For Fund Services

CarVal Investors, a leading alternative investment manager, has selected Northern Trust Hedge Fund Services to provide middle office and fund administration services for CarVal’s global portfolios.

The agreement provides CarVal Investors with a unified operations and technology platform to support investment teams and strategies on four continents worldwide. CarVal Investors conducted a competitive process with extensive due diligence before selecting Northern Trust Hedge Fund Services as its first external fund administrator.

“As CarVal continues to grow its global franchise, this relationship allows us to scale our operations while controlling costs and maintaining focus on our value investment discipline,” said Peter Vorbrich, Chief Financial Officer of CarVal Investors. “Northern Trust Hedge Fund Services brings deep operational expertise around alternative investments and market-leading technology created specifically for the needs of funds like ours. Above all, we selected Northern Trust because their commitment to client service and integrity will help to drive sustainable growth at CarVal.”

CarVal Investors is a leading global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies. The firm, which was founded by Cargill in 1987, has approximately $9 billion in assets under management in both credit and real estate strategies.

Under the agreement, Northern Trust Hedge Funds Services provides comprehensive middle office and administration services across CarVal’s enterprise. Services include trade capture and lifecycle processing, profit and loss reporting, collateral management, fund accounting, and financial reporting for more than 75 investment structures, as well as investor accounting and investor servicing for CarVal Investors’ more than 130 institutional investors.

“We are proud that CarVal has chosen us as their service provider, and we look forward to helping this premier investment firm extend its global reach,” said Peter Sanchez, Chief Executive Officer of Northern Trust Hedge Fund Services. “Our services are designed to help firms like CarVal achieve high levels of efficiency and processing control, even though they trade in a diverse range of asset classes and employ complex strategies and capital structures. This relationship demonstrates the range of our platform, which can support the full lifecycle of virtually any strategy or asset class employed by alternative funds today.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.82 -85.86 -0.50%
S&P 500 1,985.23 -9.06 -0.45%
NASDAQ 4,512.4530 -15.2360 -0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs