Thursday, 2 October 2014
Last updated 14 hours ago
Oct 26 2011 | 8:15am ET
Northern Trust Corp. has created an new alternative investments business and named its private equity chief to lead it.
Robert Morgan will serve as managing director of Northern Trust Alternatives Group, which will combine the firm's hedge fund and private equity portfolio management, product, sales and service teams, centered on its manager of managers business. The new unit has some $3.5 billion in assets under management.
Morgan had previously served as director of private equity at Northern Trust.
"Northern Trust Alternatives Group presents an exciting opportunity to bring our experienced hedge fund and private equity investment groups together in a structure with strong operations support and enhanced client service capabilities," Morgan said. "As client demand continues to grow, we will address their sophisticated and customized needs with multiple sector and fund capabilities that can be packaged to meet their investment objectives."
Earlier this year, Northern Trust bought Omnium, Citadel Investment Group's hedge fund administration business.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...