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Northern Trust partners with AltX for hedge fund intelligence

Published 19 April 2016

Northern Trust and AltX have entered into an exclusive agreement to offer Northern Trust’s global institutional clients access to the largest ever amount of structured and unstructured data for hedge funds, on one platform.

The solution combines Northern Trust's asset servicing platform and AltX's hedge fund intelligence platform and aims to provide extensive manager and market insights by offering institutional investors access to more than five million data points, including over 70,000 hedge fund personnel profiles, 20,000 funds and 50,000 ADV filings.

By enabling institutional investors access to these superior analytics and data visualization tools they can achieve greater transparency and oversight of their investments.

"This new data solution raises the bar for asset owners," said Peter Cherecwich, Americas head of Corporate and Institutional Services at Northern Trust.

"This exclusive agreement addresses our clients' requirements for better transparency and clarity around their investments, ultimately helping them drive better business results."

"Asset owners around the globe continue to seek access to more granular data in ever more meaningful ways," said Sam Hocking, chief executive officer of AltX.

"Our expertise in data collation and 360° insights into the hedge fund industry, combined with Northern Trust's focus on delivering customized data solutions for asset owners, makes for a truly innovative and powerful combination."

"Asset owners and managers across sectors and continents are focused on deploying tools and technology to achieve enhanced oversight of their portfolios, which is why we established our Institutional Governance Service product and solution set," said Penelope Biggs, global head of Northern Trust's Retirement Solutions Practice.

"This latest development between AltX and Northern Trust takes investment oversight to the next level and will allow Northern Trust clients to be at the forefront of innovation and market evolution," she added.

Source: Company Press Release