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Northern Trust introduces platform providing selective hedge fund strategies

Nov. 05, 2018 12:26 PM ETNorthern Trust Corporation (NTRS) StockBy: Liz Kiesche, SA News Editor
  • 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)

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