Northern Trust and AltX have entered into an exclusive agreement to offer Northern Trust’s global institutional clients access to structured and unstructured data for hedge funds, on a single platform.
The solution combines the former’s asset servicing platform with the latter’s hedge fund intelligence platform and aims to provide extensive manager and market insights by offering institutional investors access to more than five million data points, including over 70,000 hedge fund personnel profiles, 20,000 funds and 50,000 ADV filings. By enabling institutional investors access to these superior analytics and data visualization tools they can achieve greater transparency and oversight of their investments.
“Asset owners and managers across sectors and continents are focused on deploying tools and technology to achieve enhanced oversight of their portfolios, which is why we established our Institutional Governance Service product and solution set,” said Penelope Biggs, Global Head of Northern Trust’s Retirement Solutions Practice. “This latest development takes investment oversight to the next level and will allow Northern Trust clients to be at the forefront of innovation and market evolution.”