Northern Trust Stock Price, News & Analysis

Northern Trust has enhanced its ESG investment analytics with the launch of the Climate Focus Report, providing institutional investors access to vital climate risk metrics. This report integrates various carbon metrics and aligns with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. The service aims to help clients meet oversight and disclosure obligations, particularly for pension funds assessing climate risks. Northern Trust manages over US$9 trillion in assets, reinforcing its industry position.

Northern Trust (NASDAQ: NTRS) has been appointed as the fund administrator and global custodian for BlueBox Asset Management's Global Technology Fund, which has surpassed US$1 billion in assets under management. This fund, established in 2017, focuses on technology investments, including semi-conductors and software. Northern Trust will provide an integrated solution to enhance BlueBox's growth strategy. Both firms view this partnership as a strategic move to maximize efficient service delivery and optimize investor returns.

Northern Trust (Nasdaq: NTRS) has been appointed by Omba Investments Irish Collective Asset-management Vehicle (ICAV) to deliver global custody and depositary services for a new US$100 million UCITS umbrella fund. This fund will initially launch two funds: the Omba Global Thematic Fund and the Omba Global Equity Fund. Following Central Bank of Ireland approval, an existing fund will also merge into the umbrella structure. Northern Trust's expertise will support Omba's aim to provide diversified, low-cost investment options to high net worth clients.

Northern Trust (NASDAQ: NTRS) has secured an asset servicing mandate with Pendal Group Limited, managing approximately A$139.2 billion (US$104.4 billion). This agreement spans Australia, the UK, Ireland, and the US, expanding services provided to Pendal’s subsidiary, J O Hambro Capital Management. The partnership now includes global custody, fund accounting, financial reporting, and collateral management. Northern Trust's CEO expressed enthusiasm about the extended collaboration, emphasizing efficiency and standardization across Pendal's operations, reflecting the strategic growth in their global partnership.

Northern Trust (NASDAQ: NTRS) has supported Castelnau Group Limited in its Initial Public Offering (IPO) on the London Stock Exchange, raising approximately £178 million (about US$245 million). Castelnau, managed by Phoenix Asset Management, aims to invest in public and private companies, starting with digital analytics firms. Northern Trust will provide various asset servicing solutions for Castelnau, highlighting Guernsey’s appeal as a jurisdiction for LSE listings.

Northern Trust Corporation, symbol NTRS, announced that its Chairman and CEO, Michael G. O’Grady, along with CFO Jason J. Tyler, will present at the Goldman Sachs U.S. Financial Services Conference in New York on December 8, 2021, at 11:20 a.m. (ET). Investors can access the live webcast through Northern Trust's website, with a replay available for four weeks post-event. As of September 30, 2021, Northern Trust managed assets worth US$15.8 trillion under custody and US$1.5 trillion under management.

Northern Trust (Nasdaq: NTRS) has partnered with Equity Data Science and Snowflake to enhance secure data sharing for Asset Servicing clients. This collaboration utilizes Snowflake’s Financial Services Data Cloud, streamlining what was previously a manual data exchange process. The initiative aims to achieve client onboarding within 24 hours, significantly reducing time delays. Additionally, the technology allows for agile data updates tailored to client needs, marking a notable advancement in the industry.

The Northern Trust Universe reported minimal gains for U.S. institutional investment plans in Q3 2021, with a median return of just 0.2%. Volatile equity markets hit record highs but ended flat for the quarter. Foundations and Endowments had a median return of 0.9%, while Public Funds returned 0.4%, and Corporate ERISA pension plans saw no gain at 0.0%. The report highlighted that U.S. equity allocations make up 23.2% of ERISA plan assets, and the median exposure to U.S. fixed income for Public Funds stood at 21.0%.

Northern Trust has introduced a new feature in its Front Office Solutions platform that enhances efficiency in alternative asset servicing. This machine learning tool automates the tagging of research management documents, allowing asset allocators to manage thousands of files more effectively. The initiative aims to streamline portfolio management and reduce human error while improving operational alpha. With assets under custody reaching US$15.8 trillion, this innovation aligns with their commitment to leveraging advanced technologies in the asset management sector.