Northern Trust's asset servicing platform and AltX's hedge fund intelligence platform have joined to give investors access to analytics and data visualisation tools to achieve greater transparency and overweight of their investments.
The platform gives institutional investors access to more than five million data points, including 70,000 hedge fund personal profiles, 20,000 funds, and 50,000 filings.
Northern Trust head of Americas corporate and institutional services, Peter Cherecwich, said the "new data solution raises the bar for asset owners".
"This exclusive agreement addresses our clients' requirements for better transparency and clarity around their investments, ultimately helping them drive better business results," he said.
AltX chief executive, Sam Hocking, said he was confident the partnership would maximise the potential for asset owners to increase their benefits.
"Asset owners and managers across sectors and continents are focused on deploying tools and technology to achieve enhanced oversight of their portfolios," he said.
"Our expertise in data collation and 360 degree 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."
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