Wealth management giant Northern Trust is partnering with AltX to offer clients one-platform access to the largest amount of structured and unstructured data for hedge funds.
Northern Trust’s asset servicing platform and AltX’s hedge fund intelligence platform will now offer institutional investors access to more than 5 million data points, including 70,000 hedge fund personal profiles, 20,000 funds and 50,000 filings.
Head of Americas corporate and institutional services at Northern Trust, Peter Cherecwich, said that giving investors access to analytics and data visualisation tools will help achieve greater transparency and oversight of their investments.
“This new data solution raises the bar for asset owners,” he said.
“This exclusive agreement addresses our clients’ requirements for better transparency and clarity around their investments, ultimately helping them drive better business results.”
Sam Hocking, chief executive officer of AltX is confident the partnership will maximise the potential for asset owners to increase their benefits.
“Asset owners and managers across sectors and continents are focused on deploying tools and technology to achieve enhanced oversight of their portfolios,” he said.
““Our expertise in data collation and 360° insights into the hedge fund industry, combined with Northern Trust’s focus on delivering customized data solutions for asset owners, makes for a truly innovative and powerful combination.”