UK-based Alcova Asset Management has selected Northern Trust’s Hedge Fund Services to offer administrative and middle-office outsourcing services to its equity market-neutral fund.
Liam Butler, head of Northern Trust Hedge Fund Services Europe, said that the services deployed will meet the demands of the fund managers who are seeking for solutions that support real-time data delivery.
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Madeleine Senior, head of custody and fund administration sales for Northern Trust in Europe, Middle East and Africa, said: "We are pleased to provide specialist hedge fund administration and middle office outsourcing services to Alcova.
"Our advanced technology solutions support Alcova’s differentiated approach that is equal parts quantitative and discretionary and is designed to evolve with them," Senior added.
Northern Trust’s Hedge Fund Services group provides administration services to approximately 800 funds across more than 150 client managers from its client servicing locations in Dublin, Limerick, London, Luxembourg, Guernsey, Chicago, New York and Hong Kong.
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