{"id":22485,"date":"2011-05-16T06:54:07","date_gmt":"2011-05-16T10:54:07","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=22485"},"modified":"2011-05-16T06:54:07","modified_gmt":"2011-05-16T10:54:07","slug":"hedge-fund-acquisitions-northern-trustomnium-llc","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2011\/hedge-fund-acquisitions-northern-trustomnium-llc.html","title":{"rendered":"Hedge Fund Acquisitions: Northern Trust\/Omnium"},"content":{"rendered":"<p>New York (HedgeCo.net) &#8211; 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.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/about_image_0.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-22486\" title=\"about_image_0\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/about_image_0-300x240.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/about_image_0-300x240.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/about_image_0.jpg 325w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Omnium&#8217;s staff will be integrated into Northern Trust&#8217;s Corporate &amp; 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.<\/p>\n<p>&#8220;In today&#8217;s markets, asset managers and institutional investors demand high performance, greater transparency, and outstanding technology from their administrator,&#8221; Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. &#8220;This acquisition brings together the best in hedge fund administration expertise, along with Northern Trust&#8217;s robust global custody capabilities and our highly respected client focus. The result is a unique opportunity to scale a world-class business.&#8221;<\/p>\n<p>The acquisition, subject to regulatory approval, is expected to close in the third quarter of 2011.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; 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&#8217;s staff will be integrated into Northern Trust&#8217;s Corporate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,3],"tags":[],"class_list":["post-22485","post","type-post","status-publish","format-standard","hentry","category-activist-funds","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=22485"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22485\/revisions"}],"predecessor-version":[{"id":22488,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22485\/revisions\/22488"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=22485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=22485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=22485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}