Northern Trust is to provide outsourced trading via its Integrated Trading Solutions (ITS) for Nedgroup Investments, a global asset management firm with more than US$20 billion AUM.
Northern Trust will be supporting Nedgroup Investments’ new in-house multi-boutique platform which specialises in fixed income. The premier fund on the platform, Nedgroup Investments’ Global Strategic Bond Fund, will feature a range of active fixed income strategies.
Amy Thorne, head of integrated trading solutions, Europe, Middle East, and Africa (EMEA) at Northern Trust said, “While equity outsourcing has long been popular with managers, outsourcing the fixed income trading desk has been less common.
“Recently, we’ve seen this perception shift, with a 144% growth in trade flow activity coming across our fixed income desk in 2023. Nedgroup selected Northern Trust due to the flexibility of our ITS solution which is able to scale seamlessly with the fund’s growth, as well as our broad access to liquidity networks and our bench of expert traders.”
David Roberts, head of fixed income, Nedgroup Investments, said, “It’s difficult to overestimate the importance of access to market liquidity in bond fund management. Utilising the services of Northern Trust and their wide and varied liquidity pools affords Nedgroup the ability to put our theory into practice, essential when being nimble is a key component of our process.”
ITS is offered through Institutional Brokerage, a part of Northern Trust Banking & Markets which also provides foreign exchange, securities lending and transition management services.
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