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December 4, 2018

Northern Trust adds private market capability to alternatives platform

American asset manager Northern Trust has added the private market investment offering to its new ArcLine Alternatives platform designed for wealth management customers.

Launched last month, the alternatives platform enables Northern Trust’s wealth management clients grab hedge fund opportunities through dedicated managed accounts.

The alternatives platform was developed in partnership with Lyxor Asset Management.

In order to develop the new private market capability, the asset manager has joined forces with technology provider Artivest.

The new offering is said to enable Northern Trust’s wealth management clients gain access to a curated list of alternative funds through a cloud-based subscription and reporting platform.

Commenting on the new capability, Northern Trust Wealth Management president Steven Fradkin said: “We are pleased to announce this addition to our alternatives platform, which offers exposure to some of the world’s top private market fund managers though a frictionless investment process.

“This capability is yet another mechanism to help our clients meet their long-term goals, leveraging sophisticated technology to deliver seamless alternatives exposure and reporting.”

As at 30 September 2018, Northern Trust reported assets under management of $1.1 trillion as well as assets under custody/administration of $10.8 trillion.

Northern Trust Wealth Management managed $295.5bn in assets at the end of September 2018.

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