Monday, 22 December 2014
Last updated 9 hours ago
Aug 11 2010 | 9:13am ET
Northern Trust has entered into an alliance with Deutsche Bank that will give the firm’s hedge fund clients access to Deutsche Bank’s prime brokerage while keeping their assets safely segregated.
Northern Trust’s prime custody clients will now have two options for the securities finance needs: The firm struck a similar deal with Merlin Securities last year.
Deutsche Bank last year launched a platform that allows clients to segregate their assets and keep them with a custodian. Many other prominent prime brokers have done likewise, seeking to allay investor fears following the impounding of prime brokerage assets after the collapse of Lehman Brothers. A British judge has ruled that Lehman failed to properly segregate client assets.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.