WEST PALM BEACH, FL (www.hedgeco.net) – Northern Trust Company has been selected by Swiss Capital Group to provide custody and fund administration services to its entire fund-of-hedge-funds. NorthernTrust is one of the leading providers of global custody, asset administration and investment management services. Swiss Capital Group has a portfolio of 15 fund of hedge funds, with a totalinvestment management portfolio of about $1.2 billion.
Jonathan Quigley, Director of Technical Sales for alternative asset administration at Northern Trust in Dublin said, “We see our selection by Swiss Capital as a strong endorsement of our capabilities and we look forward to working with them.” He added, “As the funds of hedge funds market place continues to grow in both size and complexity, this is creating more opportunities for full service administrators that have the expertise and experience in this area — like Northern Trust — to be able to provide a high level of operational risk management and world class servicing to this type of client.”
In his response, the Chief Operating Officer and Partner at Swiss Capital Group, Marcel Schinder said, �After conducting a comprehensive review of the administrators and custodians that supply services to the fund of hedge funds market, we chose Northern Trust because of its strategic view on the hedge fund business, its experienced team, and its superior technology.”
Northern Trust is one of the leading providers of investment management, asset, fund administration and other fiduciary and banking services for wealthy investors worldwide. With its headquarters in Chicago, the firm has over 84 networks of offices around the world. Their total asset under custody is in excess of $2.7 trillion, while total assets under management exceed $590 billion.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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