Northern Trust has acquired Omnium from Chicago-based Citadel. The hedge fund administrator with about $70 billion in assets under administration will use Northern Trust’s technology as part of its Corporate & Institutional Services business unit.
Services will be offered as Northern Trust Hedge Fund Services. The business will provide comprehensive middle office and administration services, such as trade processing, valuation, real-time reporting, cash management, accounting, collateral management and investor servicing.
Click here for the release from Business Wire.