Start-up alternative investment management firm BlueHive Capital has selected Northern Trust to provide specialist hedge fund administration services and middle office outsourcing for its newly launched fund.
As part of the broad mandate, Northern Trust will also provide depositary services.
“We selected Northern Trust Hedge Fund Services for its industry-leading technology and commitment to transparency,” says Sebastien Boucher, chief investment officer and founder of BlueHive Capital. “Whether it’s providing more transparency to investors or complying with regulatory requirements, the demand for data is growing and Northern Trust’s innovative technology solutions help us to meet those demands.”
Based in Paris, BlueHive Capital was launched by former Natixis CIB’s global alpha team. The newly launched hedge fund invests in constructive event-driven strategies with a multi-asset approach, focusing on mergers, acquisitions and special situations. The fund holds between 15 to 25 underlying strategies in three asset classes: equity, volatility and credit.
“With an industry that’s increasingly data-driven, we find many managers are looking for a partner to help them not only manage their data, but also turn that information into insights that benefit the fund and its investors,” says Peter Sanchez, head of Northern Trust Hedge Fund Services. “We’re pleased to support BlueHive, helping them to remove the administrative burden of fund management and enabling them to focus on their core business of managing money.”
