Northern Trust Hedge Fund Services Selected by Moorstone, L.P. to Support Commodities-Focused Investment Strategies
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middle office servicesfinancial
Middle office services are the operational functions that sit between a company's client-facing activities and its record-keeping or regulatory reporting, handling risk monitoring, trade processing, valuation and performance measurement. They matter to investors because they keep the financial engine running accurately and safely—like the quality control team in a factory—reducing errors, ensuring compliance and protecting value, which supports reliable financial results and confidence in management.
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Fund administration is the set of day-to-day operational, accounting and reporting tasks that keep an investment fund running correctly, such as tracking assets, calculating net asset value, processing investor transactions and producing financial statements. Investors care because accurate, timely administration ensures the fund’s reported performance and fees are reliable and reduces the risk of errors or delays—like a building manager who keeps the lights on, records who lives where and makes sure bills are paid so residents can rely on the building.
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Collateral management is the process of handling assets that are pledged to secure a loan, trade or other financial obligation, including tracking their value, exchanging additional assets if values change, and resolving disputes. For investors it matters because effective collateral management reduces the risk that a counterparty won’t meet its obligations, affects borrowing costs and liquidity, and can change how easily positions are financed — similar to how a security deposit and its upkeep protect a landlord and influence tenant access to the property.
CHICAGO--(BUSINESS WIRE)--
Northern Trust (Nasdaq: NTRS) today announced that Northern Trust Hedge Fund Services has been selected to provide middle office services and fund administration to Moorstone, L.P., an independent, directly registered investment advisor dedicated to investing in the global commodity supply chain.
Under the engagement, Northern Trust Hedge Fund Services is providing a comprehensive suite of solutions via the Omnium® platform, including middle office services, treasury and collateral management, fund administration and financial and regulatory reporting.
“This engagement underscores the strength of our energy and commodity capabilities coupled with a high-touch service philosophy. Our clients value and trust our proven ability to create operating leverage for alternative asset managers,” said John Kushner, head of relationship management at Northern Trust Hedge Fund Services. “It reflects our continued momentum in supporting commodities-focused investment strategies, as well as our ability to ensure operational precision as managers scale and evolve their platforms.”
“As Moorstone began operating as an independent firm, it was mission critical to select a strategic provider that understood the asset class, could manage operational complexity with ease, and serve as a true thought partner as we continue to scale our business,” said Timothy Schmidt, Chief Operating Officer of Moorstone, L.P. “Northern Trust’s deep experience, strong platform and collaborative approach will support our long-term efforts to grow our platform and deliver value for our investment partners.”
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2025, Northern Trust had assets under custody/administration of US$18.7 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
