Northern Trust Named Best Administrator for Funds of Hedge Funds in HFMWeek Awards

LONDON, April 16 /PRNewswire-FirstCall/ -- Northern Trust (Nasdaq: NTRS) has been named "Best Administrator Over US$30 billion Assets Under Administration – Funds of Hedge Funds" by HFMWeek.

"Northern Trust has been recognised for its commitment to the fund of hedge funds space, where it has not only expanded relationships with its existing top-tier manager base, but also formed new relationships with several significant funds of funds managers," said HFMWeek judges, comprising HFMWeek's editor and panel of external experts.

This is the second consecutive year that Northern Trust has been recognised with an HFMWeek fund of hedge funds administrator award. In 2009, HFMWeek named Northern Trust "Fund of Hedge Funds Administrator of the Year" and "Best Overall Hedge Fund Administrator."

"There has been an increased focus on alternative asset classes over recent years and a corresponding rise in the demand for greater transparency, timely investment and regulatory reporting and compliance monitoring across the asset spectrum," said Wilson Leech, head of Northern Trust's Global Fund Services group. "In response, Northern Trust has expanded its middle office services for funds of hedge funds through a series of enhancements in our online portfolio management solution – Hedge Fund Monitor. We are delighted to have won this award, which recognises solutions that provide fund of hedge funds managers with innovative tools to monitor investments and make timely decisions."

Northern Trust provides global custody and fund administration services to clients investing in a range of alternative asset classes – including hedge funds, funds of funds, real estate and private equity – as well as traditional funds. As at 31st December 2009, Northern Trust had US$82 billion of assets under administration for hedge funds and funds of hedge funds.

HFMWeek, published by Pageant Media Limited, is read by over 6,000 alternative fund managers around the world.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2009, Northern Trust had assets under custody of US$3.7 trillion, and assets under investment management of US$627.2 billion. For 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

The Northern Trust Company, London Branch (reg. no. BR001960),  Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.

The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.

• Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, Northern Trust Fiduciary Company (Guernsey) Limited and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission.
• Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission.
• Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator.
• Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank.
• Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates.
• The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada).   Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada).  Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
• The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority.
• The Northern Trust Company of Hong Kong Limited is a securities company regulated by the Securities and Futures Commission.
• The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore.
• The Northern Trust Company operates in China as a Representative Office and is regulated by the China Banking Regulatory Commission.
• Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.
• Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.

IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see http://www.northerntrust.com/circular230.

SOURCE Northern Trust Corporation

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