Northern Trust Hedge Fund Services Unveils New Cash Projection Service

Apr 28 2016 | 11:25pm ET

Northern Trust’s Hedge Fund Services unit has unveiled a new service aimed at helping alternative asset managers actively manage liquidity and cash flow in real time.

The new service takes the company’s existing suite of treasury services and adds a proprietary cash projection module that provides a flexible and comprehensive forecast of cash flows, allowing clients to monitor all upcoming cash activity and account balances, said the company.

“In today’s financial markets, fund professionals need timely and accurate cash balance information,” said Peter Sanchez, head of Northern Trust Hedge Fund Services. “We’re moving beyond beginning-of-day cash balance reports to offer tools that deliver real-time updates so clients can actively manage their liquidity and cash positions throughout the day.”

The service is designed to help firms aggregate and normalize cash balance information across counterparties, and provide a holistic view of current and future cash positions calculated through a consistent methodology. 

The system also features the ability to view cash at multiple levels – from firm-wide down to transactional cash flow details. Moreover, Cash Projection features a user interface for real-time access to projection data, while static reporting can also be provided. 

Northern Trust Hedge Fund Services is a provider of administration and middle office services for hedge funds and institutional investors with complex portfolios. Its parent, Northern Trust Corporation, was founded in Chicago in 1889 and is a provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. As of March 31, 2016, the company had assets under custody of $6.2 trillion and AUM of $900 billion. 

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