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Northern Trust Wins Over US$1 Billion Asset Servicing Mandate for Auda Funds-of-Hedge-Funds.
- Article from:
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PR Newswire Europe
- Article date:
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July 3, 2008
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Copyright informationCOPYRIGHT 2008 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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LONDON, July 3 /PRNewswire/ --
Northern Trust has been selected by New York based fund manager, Auda Hedge LLC to provide fund administration, custody, banking and foreign exchange services to its fund of hedge fund programme, with assets in excess of US$1 billion.
"Northern Trust is able to offer us everything we need under one roof and, in addition, we are particularly excited about the prospect of having daily portfolio management data for our funds-of-hedge-funds for the first time. Both were important reasons that lead to Northern Trust's selection," said Robert Kirby, COO of Auda. "Northern Trust demonstrated that through their consistent client service approach ...
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