Last Friday, Chicago’s Northern Trust Corporation, also known as Northern Rust, completed the acquisition of Omnium LLC, a leading hedge fund administrator, from Citadel. According to daily markets the acquisition of Omnium, which has around $70 billion in assets under administration, will enhance Northern Trust’s capabilities and create an industry-leading hedge fund administration platform for institutional investors.
Omnium will be integrated into Northern Trust’s Corporate & Institutional Services and will provide comprehensive administrative and middle office services including trade processing, valuation, real-time reporting, cash management, accounting, collateral management and investor servicing to hedge funds and large institutional investors etc. etc..
Read more at http://www.dailymarkets.com/stock/2011/08/01/northern-trust-acquires-omnium/
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