Northern Trust has been selected to provide fund administration services to the $1.1 billion BH Macro Limited fund.

The Guernsey-listed fund will invest in the Brevan Howard Master Fund, a $12 billion hedge fund with exposure to global fixed income and foreign exchange markets.

The new BH Macro Limited fund is one of the first single strategy hedge funds to obtain a secondary listing on the London Stock Exchange under the recently revised listing rules in chapter 14 of the Financial Services Authority regulations.

As of March 31, Chicago-based Northern Trust had assets under custody of $3.8 trillion, and assets under investment management of $756 billion.