Northern Trust has enhanced its offering to Fund of Hedge Funds (FoHF) clients with a new reporting platform that provides clients with better, more flexible access to key data elements. This, the latest in a series of enhancements, is available to Northern Trust’s FoHF clients worldwide, through its Hedge Fund Monitor product.
The new Hedge Fund Monitor reporting enables clients to: extract the specific elements they need and schedule queries for key data; create customised, user defined reports to assist in meeting regulations e.g. AIFMD, Form PF; facilitate demands for transparency through an on demand flexible reporting tool; and produce data to better execute on performance return analysis, portfolio management, liquidity or compliance.
Northern Trust’s Hedge Fund Monitor offering is seamlessly integrated onto its core fund administration, custody and treasury services platform, thereby creating a front-to-back FoHF offering.
“Our clients are faced with new and evolving investor reporting and transparency requirements and as a result they need to be in a position to access reports and data requests on demand,” says Ian Headon (pictured), Northern Trust’s asset servicing product manager for alternative investments. “The enhancements to our Hedge Fund Monitor reporting tool give our clients this capability without them needing to invest management time and effort in formally defining and specifying requirements.”
“We are delighted to offer these enhancements to our global FoHF client base and we remain committed to creating the best of breed global hedge funds platform,” says Peter Sanchez, head of Northern Trust Hedge Fund Services, the business entity formed following Northern Trust’s acquisition of Omnium LLC in 2011.