- Northern Trust (NASDAQ:NTRS +1.5%) launches an alternatives platform to provide its wealth management clients with a source of total-portfolio risk diversification.
- The ArcLine Alternatives managed account platform, developed with Lyxor Asset Management, allows qualified wealth management clients to take advantage of hedge fund opportunities through the use of dedicated managed accounts.
- “This platform offers exposure to recognized hedge fund managers across a range of strategies in a highly efficient and secure manner," says Steven L. Fradkin, president of Northern Trust Wealth Management.
- Previously: Northern Trust slumps 3.5% after Q3 miss (Oct. 17)