LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) has been selected by Pensioenfonds Horeca & Catering, the Dutch hospitality and catering industry pension fund, to manage a €200 million (approximately US$262 million) developed, listed real estate index portfolio benchmarked to the FTSE EPRA/NAREIT Developed index hedged to EUR.
“Northern Trust’s successful track record and innovative approach to index investing were key factors in our decision-making,” said Wouter Jan Naborn, head of asset management at Pensioenfonds Horeca & Catering. “Northern Trust’s attentiveness to our specific requirements and ability and willingness to meet them was critical.”
Northern Trust will use its proprietary Intelligent Indexing® approach to maximise efficiencies in portfolio management strategy around index changes.
“Northern Trust has a comprehensive set of index management products and capabilities across the spectrum of asset classes and covering developed, emerging and frontier markets, and a long and successful track record in indexing going back to 1973,” said Gerard van Leusden, asset management sales director at Northern Trust for the Benelux region. “Our Intelligent Indexing approach enables our portfolio managers to trade especially efficiently around index changes, bringing added benefits to clients. We are delighted to add Pensioenfonds Horeca & Catering to our client roster in The Netherlands, a key market for us. We look forward to supporting Pensioenfonds Horeca & Catering’s long-term investment goals by providing it with efficient market exposure to its designated benchmark cost effectively and within a risk-budget.”
Northern Trust provides index portfolio management services from four global locations: Chicago, London, Tokyo and Hong Kong. It offers a comprehensive set of equity and fixed income strategies that are available through commingled funds as well as segregated accounts. Worldwide, Northern Trust had US$290.3 billion in index assets under investment management, out of a total of US$662.9 billion in assets under investment management, as of 31st December 2011, ranking it fourth largest index manager in the world*.
*According to a Pensions & Investments magazine special report published in May 2011.
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About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2011, Northern Trust had assets under custody of US$4.3 trillion, and assets under investment management of US$662.9 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.
Asset Management at Northern Trust begins with listening and leads to answers beyond the expected for our clients. The multi-asset class investment management business is comprised of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., the investment advisor division of The Northern Trust Company and The Northern Trust Company of Connecticut and its subsidiaries which offer investment products and services to personal and institutional markets.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A, incorporated with limited liability in the U.S.
The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.
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Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. Northern Trust International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland. Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates. The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation. Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority and the Australian Securities & Investments Commission (AFS Licence No: 314970). The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission. The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore. The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen. Northern Trust Global Investments Limited has a Netherlands branch which is authorised by the Financial Services Authority and subject to regulation in The Netherlands by the Autoriteit Financiële Markten. Northern Trust Global Investments Limited has a Sweden branch which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen.