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Magnetar Capital selects Northern Trust Hedge Fund Services for middle and back office fund admin

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Northern Trust Hedge Fund Services (NTHFS) has been selected to provide full middle and back office fund administration services and regulatory reporting to Magnetar Capital, an Evanston, Illinois-based multi-strategy alternative asset manager with USD13.1 billion in assets under management.

“Given the volume and intricacy of our strategies, we needed a partner that could evolve alongside our operational demands and support a wide array of investor services,” says Ernie Rogers, Magnetar Capital COO and CFO. “We selected Northern Trust for its unique combination of technology, operational excellence and industry expertise.”

Magnetar seeks to deliver diversifying return streams by employing a wide-range of alternative credit and fixed income, energy and infrastructure, and systematic investing strategies. Founded in 2005, the firm was structured based on the belief that new opportunities existed to remove common barriers among various investing styles like quantitative and qualitative, or short and long duration. The firm invests across geographies in both public and private transactions.

“In this fast-paced market, fund managers need innovative solutions that support their growth and fit their company’s needs now and in the future,” says Jeff Boyd (pictured), Chief Executive Officer of Northern Trust Hedge Fund Services. “We are thrilled to be able to work with Magnetar Capital, offering client tailored services to support their evolving needs. Northern Trust brings an industry-leading technology platform, transparency tools and expertise to help our clients excel in a complex and rapidly changing marketplace.”

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