A new entity, the Northern Trust Alternatives Group, has been created via the merger of Northern Trust Global Investments’ (NTGI) $2 billion private equity and $1.5 billion hedge fund-of-funds businesses, Pensions & Investments reports. Robert Morgan has been appointed managing director and head of this new unit.
Most recently, Morgan was serving as director of private equity. All workers of the private equity and hedge fund-of-funds investment management, sales and client services units, including Morgan, have shifted to the new alternatives group. Ultimately, NTGI’s real estate investments will also become part of alternatives group.
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