Filed in archive
Hedgetalk
by Alex Akesson on June 13, 2008
Leading UK investment manager, hermes Fund Managers Limited (Hermes), with an anticipated £23 billion ($45 billion) in assets under management, announced the appointment of US hedge fund manager Northern Trust, to provide middle office outsourcing fund administration and custody.
The middle office also plans to include the UK's largest Pension Scheme ("BTPS"), which will be in excess of £45 billion ($88 bilion). "Northern Trust was appointed following a rigorous selection and due diligence process from a short-list of two providers." Rupert Clarke, Chief Executive of Hermes said, "Outsourcing these functions is consistent with our strategy of focusing on growing a specialist investment management business."
More at; US Hedge Fund to Manage $88 Billion in UK Outsourcing Funds
The middle office also plans to include the UK's largest Pension Scheme ("BTPS"), which will be in excess of £45 billion ($88 bilion). "Northern Trust was appointed following a rigorous selection and due diligence process from a short-list of two providers." Rupert Clarke, Chief Executive of Hermes said, "Outsourcing these functions is consistent with our strategy of focusing on growing a specialist investment management business."
More at; US Hedge Fund to Manage $88 Billion in UK Outsourcing Funds
Permalink: Hermes Plans US Hedge Fund Expansion
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/126230
Mr Wong
Vote for Hermes Plans US Hedge Fund Expansion:
|
Rating: 10.00 out of 4 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS | See all blog subscribe options |
|
What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |

















