Hedge Fund News From HedgeCo.Net


Hedge Fund Acquisitions: Northern Trust/Omnium

New York (HedgeCo.net) – Investment management giant, Northern Trust, with over $662.2 billion in assets under management, has acquired Omnium LLC, a hedge fund administrator with approximately $70 billion in assets.

Omnium’s staff will be integrated into Northern Trust’s Corporate & Institutional Services business unit as Northern Trust Hedge Fund Services, LLC., offering scalable technology and expertise to hedge funds and large institutional investors with complex portfolios.

“In today’s markets, asset managers and institutional investors demand high performance, greater transparency, and outstanding technology from their administrator,” Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. “This acquisition brings together the best in hedge fund administration expertise, along with Northern Trust’s robust global custody capabilities and our highly respected client focus. The result is a unique opportunity to scale a world-class business.”

The acquisition, subject to regulatory approval, is expected to close in the third quarter of 2011.

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Activist Funds, HedgeCo News. Bookmark the permalink.

Leave a Reply