CHICAGO--(BUSINESS WIRE)--Aug 6, 2018--Northern Trust Hedge Fund Services (NTHFS) today announced its selection as fund administrator for ExodusPoint Capital Management. NTHFS will provide fund administration, risk services and liquidity solutions for ExodusPoint, a multi-manager platform based in New York with portfolio management teams investing more than $8 billion across equity and fixed income strategies.

“Given our platform’s significant trading volumes, breadth of products, and need for scale, ExodusPoint requires an administrator with superior technology and broad expertise,” said Enrico Corsalini, Chief Operating Officer of ExodusPoint. “Ultimately, it was Northern Trust’s combination of technology, expertise in supporting complex businesses, strong client relationships and flexible service model that led to our decision.”

“ExodusPoint needed an efficient, scalable solution for data aggregation, intuitive analytics and highly customized operating model in order to meet their internal needs and provide a high level of transparency to investors,” said Jeff Boyd, Head of Northern Trust Hedge Fund Services, North America. “We approach sophisticated alternative investment managers like ExodusPoint as an operations partner that can provide holistic solutions to meet current needs and adapt to support new investment strategies, operating models and markets.”

Northern Trust Hedge Fund Services is a leading provider of administration and middle office services for alternative fund managers and institutional investors with complex portfolios. Its full-service, front-to-back operating model can support any asset or strategy with unparalleled flexibility in data management and reporting. NTHFS has approximately $385 billion in assets under administration, as of June 30, 2018.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2018, Northern Trust had assets under custody/administration of US$10.7 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South LaSalle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

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CONTACT: Northern Trust Corporation

EMEA Contact:

Camilla Greene, +44 (0) 207 982 2176

Camilla_Greene@ntrs.com

or

US & Canada Contact:

Doug Holt, +1 312-557-1571

Doug.Holt@ntrs.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Northern Trust Corporation

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PUB: 08/06/2018 09:00 AM/DISC: 08/06/2018 09:01 AM

http://www.businesswire.com/news/home/20180806005239/en