People Moves

Northern Trust creates new alternatives unit


Northern Trust has named Robert Morgan to lead the Northern Trust Alternatives Group, a new unit formed to develop and manage all alternative investment products, including hedge and private equity funds of funds, for institutional and personal clients.

Northern Trust Alternatives Group brings together portfolio management, product, sales and service teams to build on the private equity and hedge fund solutions that have until now been part of Northern Trust’s manager of managers business.

Morgan, who was previously director of private equity, will oversee approximately $3.5 billion under management as managing director of the new group. “Alternative investment