Northern Trust has enhanced its fund of hedge funds (FoHFs) offering with a new reporting platform that provides clients with more flexible access to key data. The enhancement is available to Northern Trust’s FoHF clients worldwide, through its Hedge Fund Monitor product.
The firm says its new Hedge Fund Monitor reporting enables clients to do the following:
- extract the specific elements they need and schedule queries for key data;
- create customized, user-defined reports to assist in meeting regulations;
- facilitate demands for transparency through an on-demand reporting tool; and
- produce data to better execute on performance return analysis, portfolio management, liquidity or compliance.
“Our clients are faced with new and evolving investor reporting and transparency requirements, and, as a result, they need to be in a position to access reports and data requests on demand,” said Ian Headon, Northern Trust’s asset servicing product manager for alternative investments. “The enhancements to our Hedge Fund Monitor reporting tool give our clients this capability without them needing to invest management time and effort in formally defining and specifying requirements.”