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Asset Servicing News | August 26, 2024

Northern Trust Hedge Fund Services Expands Capabilities to Meet Growing Demand for Energy Investing

CHICAGO — Northern Trust (Nasdaq: NTRS) announced today that Northern Trust Hedge Fund Services (NTHFS) has enhanced its platform to support the growing number of asset managers who trade spots, forwards, futures and physical contracts in energy and physical commodities. 

As asset managers expand their portfolios to generate alpha in developing asset classes, they increasingly seek the resources that can help them track risks more effectively. With the addition of energy and physical commodities, NTHFS can support clients who trade these products across multiple markets and regions while also providing a unified investment book of record and accounting book of record across public markets, private markets, and commodities.

“Hedge fund managers are eager to invest in energy and physical commodities, but there’s a gap in the market when it comes to servicing these products, where settlements can include physical delivery obligations on multiple time horizons as well as financial implications,” said Jeff Boyd, Head of Northern Trust Hedge Fund Services, Americas. “We have worked with our clients to enhance our capabilities to develop the hands-on service, expertise and data transparency that they expect from Northern Trust. These changes further increase the breadth and depth of capabilities of the market-leading Omnium platform, offering unrivaled product support to our clients.”

“Northern Trust Hedge Fund Services has been an instrumental partner as our trading support needs have evolved as we continue to scale and enter new markets,” said Christopher Newman, Head of Operations at Squarepoint Capital.

The new energy and physical commodities offering will be available through Omnium, Northern Trust's integrated middle office and accounting platform that supports a wide array of asset classes and investment vehicles. This enhancement complements Omnium's web-based dashboards which can be customized to deliver the full scope of relevant, actionable information to each client, allowing them to optimize their investment strategies.

“The key to success for NTHFS has always been our ability to adapt and support clients as they explore alpha generating opportunities. Expanding our capabilities in the commodity space serves as a testament to that ethos – we’re dedicated to developing solutions that are fit for purpose and designed to allow our clients to focus on what matters,” said Nadia Cobalovic, co-Chief Operating Officer of Northern Trust Hedge Fund Services.

Northern Trust Hedge Fund Services (NTHFS) specializes in providing integrated middle and back-office administration to alternative fund managers and institutional investors with complex portfolios. Northern Trust continues to heavily invest in the Omnium platform to build out its capabilities to address future industry needs, working side by side with our clients to further enhance the user experience, maximize transparency and drive Operational Alpha. To learn more visit www.northerntrust.com/hfs.


About Northern Trust 

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2024, Northern Trust had assets under custody/administration of US$16.6 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions