Northern Trust named ‘Best Administrator for UCITS Funds’ at HFMWeek Awards

LONDON--(BUSINESS WIRE)-- Northern Trust (Nasdaq:NTRS) was named Best Administrator for UCITS funds at HFMWeek magazine’s European Hedge Fund Services Awards, 2011. It is the third year in a row that Northern Trust has been honoured by an HFMWeek award

The Awards, which took place in May in London, recognise financial progress, growth and genuine innovation. Northern Trust was selected from a short list by a panel of judges comprising senior level industry professionals.

“UCITS is a major theme in the hedge fund sector and an important area for service providers to master,” said the judges. “Northern Trust has demonstrated its mastery of the space, providing an added value service to these onshore funds and building an unrivalled reputation as experts in this field.”

“Northern Trust’s clients are among the many hedge fund managers exploring the distribution opportunities arising from having a UCITS as part of a comprehensive investment programme. The development of our UCITS solutions are a key part of our goal to make our clients lives easier, and allow them to focus on attracting and retaining clients, and managing money,” said Ian Headon, Northern Trust’s asset servicing product manager for alternative investments. “We are delighted to have won this award which underlines Northern Trust’s expertise in, and commitment to, supporting hedge fund managers as they respond to an upsurge in investor demand for regulated fund vehicles.”

Northern Trust provides a comprehensive range of services to UCITS-compliant hedge funds from its hedge fund servicing centres in Ireland and Luxembourg. These include: fund launch project management; fund administration; custody; banking; trustee; corporate reporting; Value at Risk (VAR) calculation and oversight; and compliance analytics to support risk management requirements. With the demand for UCITS-compliant funds set to continue to rise, a key Northern Trust product development has been the introduction of an enhanced compliance monitoring solution to handle the complexities of UCITS restrictions and prospectus rules.

Previous HFMWeek awards bestowed on Northern Trust include “Fund of Hedge Funds Administrator of the Year” in 2010 and 2009 and “Best Overall Hedge Fund Administrator” at its US Service Provider Awards in 2009.

Northern Trust provides global custody and fund administration services to clients investing in a range of alternative asset classes – including hedge funds, funds of funds, real estate and private equity – as well as traditional funds and exchange-traded funds. As at March 31 2011, Northern Trust had US$99.8 billion of assets under administration for hedge funds and funds of hedge funds.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading 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 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2011, Northern Trust had assets under custody of US$4.4 trillion, and assets under investment management of US$662.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A, incorporated with limited liability in the U.S.

The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.

The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.

• Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission.
• Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission.
• Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland.
• Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank.
• Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates.
• The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
• The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI)and is regulated by the Australian Prudential Regulation Authority.
• The Northern Trust Company of Hong Kong Limited is a securities company regulated by the Securities and Futures Commission.
• The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore.
• The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission
• Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.
• Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.
• Northern Trust Global Investments Limited has a Netherlands branch which is authorised by the Financial Services Authority and subject to regulation in The Netherlands by the Autoriteit Financiële Markten.
• Northern Trust Global Investments Limited has a Sweden branch which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen.

EMEAContact:Sara Murshed+44 (0) 207 982 2249
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John O’Connell
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John_O’[email protected]

Source: Northern Trust