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Northern Trust Combines Private Equity, Hedge Funds Services

Northern Trust announced today it has launched North America Alternative Fund Services. This new group combines the firms' established private equity and hedge fund services businesses.   The new group will be led by Peter Sanchez, who has been head of Northern Trust Hedge Fund Services since 2011. Jeff Boyd has been promoted to lead Hedge Fund Services in North America, reporting to Sanchez. “Investment managers face new operational challenges as they move across asset classes to more complex portfolio construction approaches – incorporating private equity, real estate, infrastructure as well as hedging strategies in the search for yield,” said Pete Cherecwich, president...