Northern Trust has launched an umbrella trust, dubbed the Datum One Series Trust, that it will offer to asset managers that would prefer to focus on distribution and investment goals, and let the custodian manage the infrastructure and back-office services. The new offering will include operational infrastructure support services via an integrated model, says Barbara… Read More >>
GuideStone Expands Relationship with Northern Trust
A longtime global custody client of Northern Trust, GuideStone Funds, a mutual fund complex with more than $11 billion in assets under management (AUM), is expanding its relationship with Northern to include fund accounting and fund administration services. The fund servicing mandate will encompass the GuideStone Funds family, including 26 registered mutual funds with $11.6… Read More >>
Canadian Firm Shifts Fund Administration to SS&C
Canadian firm, Nicola Wealth Management (NWM), has turned to SS&C Technologies to provide fund administration services for nearly $4 billion in assets under management (AUM) in an effort to bolster productivity and reduce operational risk, NWM officials say. SS&C’s fund administration services such as fund accounting and investor services will support NWM’s 15 funds and… Read More >>
