Northern Trust, one of the largest hedge funds and fund of
funds administrators globally with $86 billion under
administration, is strengthening its Asia franchise by
capitalising on the emerging opportunities in the
region’s asset servicing space post-Madoff and the
recent financial crisis.
The firm, which has large institutional investors such as
sovereign wealth funds, state boards, pension funds, central
banks, insurance companies as its key clients, will continue
that focus but is also starting to see large asset managers,
often with hedge fund operations, in Asia emerge as big
"We’re seeing the classic debate—how
much do we do in-house and how much do we...