Northern Trust (Nasdaq: NTRS) announced today it has launched an alternatives platform to provide its wealth management clients with a source of total-portfolio risk diversification.
The ArcLine Alternatives managed account platform, developed in coordination with Lyxor Asset Management Inc. (Lyxor Americas), allows Northern Trusts qualified wealth management clients to take advantage of hedge fund opportunities through the use of dedicated managed accounts which can provide greater transparency and customization of liquidity, creating stronger manager and investor alignment. When fully developed, the platform will provide a carefully curated list of funds designed to meet the investment needs of increasingly sophisticated clients.
We are constantly evaluating ways to provide our clients with unique and diversified investment opportunities to meet their long-term goals, said Steven L. Fradkin, President of Northern Trust Wealth Management. This platform offers exposure to recognized hedge fund managers across a range of strategies in a highly efficient and secure manner.
We are pleased to collaborate with Northern Trust in offering an alternative investment solution that provides transparency and independent risk oversight through the use of separately managed accounts, said Andrew Dabinett, CEO of Lyxor Americas. This innovative infrastructure allows Northern Trust Wealth Management clients to further diversify their portfolios with highly differentiated investment managers while minimizing non-investment risk.
Northern Trust Wealth Management specializes in Goals Driven Wealth Management backed by innovative technology and a strong fiduciary heritage. Northern Trust Wealth Management is ranked among the top 10 U.S. wealth managers, with $295.5 billion in assets under management as of September 30, 2018, and a wide network of wealth management offices across the United States.
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About Lyxor Americas
Lyxor Asset Management Inc. (Lyxor Americas) is headquartered in New York and is an indirect subsidiary of Lyxor Asset Management S.A.S., the Paris-based global investment manager with approximately $160 billion under management and advisory. Lyxor Americas was established in 1999 and is comprised of hedge fund research, due diligence, risk, portfolio management and structuring teams providing fiduciary management services and helping clients allocate to alternative strategies more effectively. The team combines extensive hedge fund investment expertise and leading managed account and structuring capabilities to develop alternative investment solutions optimized for client needs.
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 offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2018, Northern Trust had assets under custody/administration of US$10.8 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
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/disclosures.