Since Northern Trust acquired hedge fund administrator Omnium from Citadel in July of 2011, the marketplace has delivered a strong response to the combination of Northern Trust’s trusted name and global scale along with industry-leading, technology-driven hedge fund administration services designed to support high volume and highly complex investment strategies.“This is a transformational relationship creating independent controls and a new level of review and checks by two independent administrators,” said Peter Sanchez, Chief Executive Officer of Northern Trust Hedge Fund Services. “As the hedge fund business model evolves, we expect our relationship with Bridgewater will lead the way toward the structure and independent controls that hedge fund investors will demand in the future.”
Northern Trust Appointed By Bridgewater Associates For Hedge Fund Servicing
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