(Reuters) Northern Trust Corporation (NTRS.O) is beefing up its alternative assets business by buying hedge fund of funds manager Aurora Investment Management, the trust bank said.The deal will unite Chicago based Aurora, which had been owned by Natixis Global Asset Management (CNAT.PA) and oversees roughly $5.7 billion, with its cross-town neighbor, Northern Trust’s 50 South Capital Advisors unit. Together they will oversee $9 billion in assets when the deal closes in July. No details were given on the financial terms.
Northern Trust Buys Hedge Fund Investor Aurora From Natixis
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