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Northern Trust Hedge Fund Services Launches Reconciliations DashboardNorthern Trust Hedge Fund Services (NTHFS) today announced the launch of Rec Dashboard, an enhanced reporting tool that improves efficiency in account reconciliation. The dashboard provides a comprehensive, real-time view of breaks and reconciliations in trade activity between NTHFS clients and other institutions. As fund administrator, NTHFS reconciles client books and records with external custodians, futures clearing members, prime brokers and swap counterparties. Rec Dashboard users can create custom defined data views, monitor reconciliation completion and integrate break resolution into their own processes via the dashboard. "As the importance of transparency continues to grow for hedge funds, we have enhanced our services to provide clients with more flexible views into data," said Jeff Boyd, Head of Northern Trust Hedge Fund Services, North America. "Timeliness and accuracy of information is critical. By consolidating all breaks into an interactive graphical user interface, Rec Dashboard provides real transparency into the process of verifying trade activity, positions and balances, helping clients to more effectively manage breaks and measure risk." Northern Trust Hedge Fund Services is a leading provider of administration and middle office services for alternative fund managers and institutional investors with complex portfolios. Its full-service, front-to-back operating model provides unparalleled flexibility in supporting data management and reporting needs across a myriad of assets and strategies. NTHFS has approximately $386 billion in assets under administration, as of September 30, 2018. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2018, Northern Trust had assets under custody/administration of US$10.8 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter (News - Alert) @NorthernTrust. Northern Trust Corporation, Head Office: 50 South LaSalle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.
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