Northern Trust’s fixed income team has been named the winner in two categories – Municipal Fixed Income and Fixed Income Indexer – in Institutional Investor magazine’s sixth annual U.S. Investment Management Awards, to be presented May 15.
“To be named the best fixed income manager for two distinct strategies is quite an honor and demonstrates the breadth of expertise on our team,” said Stephen N. Potter, President of Northern Trust Asset Management. “These awards from Institutional Investor also recognize the value of our consistent process and risk management approach, whether we are pursuing broad index exposure or uncovering value in the specialized and inefficient municipal bond market.”
The U.S. Investment Management Awards honor money managers that “stood out in the eyes of the investor community for their exceptional performance, risk management and service” during the previous year. Managers are short-listed by the editors of the magazine, and winners are chosen based on the results of a survey of U.S. institutional investors. Northern Trust was previously awarded for Municipal Fixed Income in 2013 and Equity Index Manager in 2011.
Northern Trust has more than $350 billion in fixed income assets under management, including $84 billion in fixed income index strategies and approximately $23 billion in municipal assets as of March 31, 2014.“Our approach to managing index portfolios has remained stable and consistent over time – we are focused on controlling risk associated with portfolio alignment relative to desired benchmarks,” said David Alongi, CFA®, Director, Fixed Income Index Management at Northern Trust Asset Management. “We collaborate closely with our clients in order to employ index-based strategies which reflect their unique preferences and constraints, while readily adapting to changing market environments.” For the municipal bond team, a second consecutive award from Institutional Investor reinforces the value of Northern Trust’s proprietary credit research, trading scale and more than 30 years of portfolio management experience in the asset class, said Director of Municipal Fixed Income Timothy T. McGregor, CFA®.