Staff
Northern Trust has announced the successful closing of its acquisition of Omnium LLC from Chicago-based Citadel LLC.
Northern Trust had announced its intention to acquire the hedge fund administrator with approximately $70 billion in assets under administration on May 16, 2011, subject to applicable regulatory approvals and other customary closing conditions.
Supported by Northern Trust, Omnium staff will operate as Northern Trust Hedge Fund Services LLC. The business will provide middle office and administration services, including trade processing, valuation, real-time reporting, cash management, accounting, collateral management and investor servicing.