Northern Trust Hedge Fund Services (NTHFS) has been appointed as fund administrator for ExodusPoint Capital Management. NTHFS will provide fund administration, risk services and liquidity solutions for the New York-based multi-manager platform, with portfolio management teams investing more than USD8 billion across equity and fixed income strategies.

“Given our platform’s significant trading volumes, breadth of products, and need for scale, ExodusPoint requires an administrator with superior technology and broad expertise,” says Enrico Corsalini, Chief Operating Officer of ExodusPoint. “Ultimately, it was Northern Trust’s combination of technology, expertise in supporting complex businesses, strong client relationships and flexible service model that led to our decision.”
 
“ExodusPoint needed an efficient, scalable solution for data aggregation, intuitive analytics and highly customised operating model in order to meet their internal needs and provide a high level of transparency to investors,” says Jeff Boyd (pictured), Head of Northern Trust Hedge Fund Services, North America. “We approach sophisticated alternative investment managers like ExodusPoint as an operations partner that can provide holistic solutions to meet current needs and adapt to support new investment strategies, operating models and markets.”