Car­val se­lects North­ern Trust for fund ser­vices

The Pak Banker - - Front Page -


Car­Val In­vestors, an alternative in­vest­ment man­ager, has se­lected North­ern Trust Hedge Fund Ser­vices to pro­vide mid­dle of­fice and fund ad­min­is­tra­tion ser­vices for Car­Val's global port­fo­lios.

The agree­ment pro­vides Car­Val In­vestors with a uni­fied op­er­a­tions and tech­nol­ogy plat­form to sup­port in­vest­ment teams and strate­gies on four con­ti­nents world­wide. Car­Val In­vestors con­ducted a com­pet­i­tive process with ex­ten­sive due dili­gence be­fore se­lect­ing North­ern Trust Hedge Fund Ser­vices as its first ex­ter­nal fund ad­min­is­tra­tor.

As Car­Val con­tin­ues to grow its global fran­chise, this re­la­tion­ship al­lows us to scale our op­er­a­tions while con­trol­ling costs and main­tain­ing fo­cus on our value in­vest­ment dis­ci­pline, said Peter Vor­brich, Chief Fi­nan­cial Of­fi­cer of Car­Val In­vestors.

North­ern Trust Hedge Fund Ser­vices brings deep op­er­a­tional ex­per­tise around alternative in­vest­ments and­mar­ketlead­ing tech­nol­ogy cre­ated specif­i­cally for the needs of funds like ours.

Above all, we se­lected North­ern Trust be­cause their com­mit­ment to client ser­vice and in­tegrity will help to drive sus­tain­able growth at Car­Val. Car­Val In­vestors is a lead­ing global alternative in­vest­ment fund man­ager fo­cused on dis­tressed and credit-in­ten­sive as­sets and mar­ket in­ef­fi­cien­cies. The firm, which was founded by Cargill in 1987, has ap­prox­i­mately $9 bil­lion in as­sets un­der man­age­ment in both credit and real es­tate strate­gies. North­ern Trust is one of the world's lead­ing as­set ser­vic­ing providers, of­fer­ing global ex­per­tise and lo­cal spe­cial­ist ser­vices to in­vest­ment man­agers and in­sti­tu­tional in­vestors in more than 40 coun­tries. North­ern Trust's Cor­po­rate & In­sti­tu­tional Ser­vices busi­ness unit is a lead­ing global provider of as­set ser­vic­ing, as­set man­age­ment, and re­lated ser­vices to fund man­agers, sov­er­eign wealth funds, pen­sion funds, foun­da­tions, en­dow­ments.

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