Carval selects Northern Trust for fund services
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.