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Steven Fradkin, president of corporate and institutional services, Northern Trust

Northern Trust Hedge Fund Services wins six Asian client mandates


Six of the 22 client mandates won by Northern Trust Hedge Fund Services (NTHFS) originate from Asia Pacific reported Global Custodian this week. NTHFS was established in July 2011 following the acquisition of Omnium and provides a whole host of middle-office and administration services including trade processing, valuation, real-time reporting, collateral management, accounting and cash management. Julius Wang, managing director of Samena Asia Managers at Hong Kong-based hedge fund Samena Capital, said that the firm reviewed a universe of hedge fund administrators in Asia and that “by a significant margin, the Northern Trust offering came out on top”. Said Wang: “We ranked the robustness of the systems, processes, and most importantly the people, higher than their competitors. The quality of the overall team and people in Hong Kong gave us confidence that they could deliver top service levels for a wide range of investment strategies. We have not been disappointed.” Reflecting on the mandates already won by NTHFS, Steven L Fradkin (pictured), president of corporate and institutional services at Northern Trust, said that what made the wins particularly satisfying was that they came “as a result of the collective and coordinated effort of our teams, leveraging all of Northern Trust’s capabilities around the world”. 

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