Northern Trust Gets Investment Management Awards from Institutional Investor

Proquest LLC

Northern Trust announced its fixed income team has been named the winner in two categories - Municipal Fixed Income and Fixed Income Indexer - in Institutional Investor magazine's sixth annual U.S. Investment Management Awards, to be presented May 15.

"To be named the best fixed income manager for two distinct strategies is quite an honor and demonstrates the breadth of expertise on our team," said Stephen N. Potter, President of Northern Trust Asset Management. "These awards from Institutional Investor also recognize the value of our consistent process and risk management approach, whether we are pursuing broad index exposure or uncovering value in the specialized and inefficient municipal bond market."

According to a release, the U.S. Investment Management Awards honor money managers that "stood out in the eyes of the investor community for their exceptional performance, risk management and service" during the previous year. Managers are short-listed by the editors of the magazine, and winners are chosen based on the results of a survey of U.S. institutional investors. Northern Trust was previously awarded for Municipal Fixed Income in 2013 and Equity Index Manager in 2011.

Northern Trust has more than $350 billion in fixed income assets under management, including $84 billion in fixed income index strategies and approximately $23 billion in municipal assets as of March 31.

"Our approach to managing index portfolios has remained stable and consistent over time - we are focused on controlling risk associated with portfolio alignment relative to desired benchmarks," said David Alongi, CFA, Director, Fixed Income Index Management at Northern Trust Asset Management. "We collaborate closely with our clients in order to employ index-based strategies which reflect their unique preferences and constraints, while readily adapting to changing market environments."

For the municipal bond team, a second consecutive award from Institutional Investor reinforces the value of Northern Trust's proprietary credit research, trading scale and more than 30 years of portfolio management experience in the asset class, said Director of Municipal Fixed Income Timothy T. McGregor, CFA.

"Our relative value strategy served Northern Trust's clients well in 2013, when the municipal bond market was under a lot of stress," McGregor said. "Our approach is designed to preserve capital while generating income for Institutional and Wealth Management clients, and our high quality portfolio was a source of strength in a difficult year for many municipal securities."

Asset Management at Northern Trust comprises Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc. and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.

Northern Trust Corp. is a provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 states, Washington, D.C., and 18 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, Northern Trust had assets under custody of US$5.8 trillion, and assets under investment management of US$915.4 billion.