US-based R Squared Capital Management has selected Northern Trust to provide investment operations outsourcing in support of its middle office.
Northern Trust said that the investment operations solutions will include trade matching, data management, portfolio accounting, client reporting, reconciliations, as well as risk and performance services.
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Rudolph-Riad Younes, CEO and chief investment officer of R Squared Capital Management, said: "Northern Trust brings a strong global presence, a stellar reputation for client service and streamlined operations, which will help us to grow our business and capture cost efficiencies."
Dan Houlihan, head of global fund services in North America for Northern Trust, said: "The integrated nature of our operations platform allows our clients to simplify their business and focus on the essentials.
"Reduced administrative burdens and access to accurate data are increasingly important as economic volatility grows and regulatory challenges continue to mount."
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