Northern Trust has won a $3.5 billion mandate from global fund of hedge funds manager, Stenham Asset Management. The asset manager will provide custody, fund administration, credit and foreign exchange services. Stenham will use Northern Trust’s integrated online portfolio management tool, Hedge Fund Monitor, to provide information and analytics to its hedge fund of fund portfolios. The tool will provide transparency into the performance and liquidity of Stenham’s portfolios of hedge fund investments and is updated through an online reporting system on a daily basis.
Click here for the release from Business Wire.