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Article: Northern Trust Announces Milestone Year in Hedge Fund Program; Assets Under Management in Hedge Funds Now More than $800 Million.
- Article from:
- PR Newswire
- Article date:
- June 2, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, June 2 /PRNewswire/ -- Total assets in Northern Trust Global Investments' hedge fund program have grown to approximately $800 million, said Terence Toth, president of Northern Trust Global Investments. Toth attributed the strong growth to investments made by Northern Trust's institutional and personal investors.
"Particularly noteworthy is the addition of approximately $230 million in assets under management in 2004 from Mitsubishi Trust and Banking Corporation. We have had a very successful multi-year distribution partnership with MTBC that has contributed to our outstanding growth in the institutional investment area, including the hedge fund ...