Big Data to Offer New Opportunities for Investment Oversight
Northern Trust (Nasdaq: NTRS) and AltX today announced that they have entered into an exclusive agreement to offer Northern Trust’s global institutional clients access to the largest ever amount of structured and unstructured data for hedge funds, on one platform.
The solution combines Northern Trust’s asset servicing platform and AltX’s hedge fund intelligence platform and aims to provide extensive manager and market insights by offering institutional investors access to more than five million data points, including over 70,000 hedge fund personnel profiles, 20,000 funds and 50,000 ADV filings. By enabling institutional investors access to these superior analytics and data visualization tools they can achieve greater transparency and oversight of their investments.
“Asset owners around the globe continue to seek access to more granular data in ever more meaningful ways,” said Sam Hocking, chief executive officer of AltX. “Our expertise in data collation and 360° insights into the hedge fund industry, combined with Northern Trust’s focus on delivering customized data solutions for asset owners, makes for a truly innovative and powerful combination.”