Northern Trust Partners with AltX for Hedge Fund Intel

Apr 18 2016 | 10:47pm ET

Northern Trust has inked an exclusive agreement with hedge fund data and information provider AltX to offer AltX’s structured and unstructured data for hedge funds to its institutional clients through a single platform.

The solution combines Northern Trust's asset servicing platform and AltX's hedge fund intelligence platform, and aims to provide access to more than five million data points, including over 70,000 hedge fund personnel profiles, 20,000 funds and 50,000 ADV filings, according to a statement. 

Access to AltX’s analytics and data visualization tools will allow Northern Trust’s institutional investors to achieve greater transparency and oversight of their investments, the company said.  

“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,” adding Sam Hocking, CEO 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.”

San Francisco-based AltX combines science, technology, relational and behavioral data with traditional financial analytics and regulatory data to deliver alternative asset manager and market insights. The company’s proprietary algorithms, big data, analytics, and relationship mapping help investors and hedge funds identify more compatible relationships and opportunities. 

Founded in Chicago in 1889, Northern Trust Corporation is a provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. As of December 31, 2015, the company had assets under custody of $6.1 trillion and AUM of $875 billion.  

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