Northern Trust is transitioning hedge funds, funds of funds and single funds managed by Signina Capital from offshore domiciles to Luxembourg.

Signina Capital, a Swiss-based independent investment manager with close to CHF400m (approximately USD404m) in assets under management , recently hired Northern Trust for fund services, including fund administration and Hedge Fund Monitor, which enables clients to track and analyse their hedge fund investments in real time.
 
“We are seeing an increasing trend for hedge funds to launch Ucits and non-Ucits funds in jurisdictions such as Luxembourg and Ireland,” says Ian Headon, head of product development for Northern Trust’s hedge fund and hedge fund of funds business in EMEA. “Fund managers are hearing from investors, who continue to demand increased transparency, greater control and more robust governance frameworks for their alternative investments.”
 
Northern Trust’s Hedge Fund Monitor was developed in response to the demand for information and analytics on hedge fund allocations. It provides clients transparency into the performance and liquidity of their portfolio of hedge fund investments through online reporting and processing capabilities, updated daily.
 
“Particularly after 2008, our clients have become accustomed to strong corporate governance, high levels of transparency and liquidity,” says Martin Klöck, founding partner of Signina Capital. “We were looking for a jurisdiction and provider that would enhance our ability to meet our clients’ needs and Northern Trust had the experience and product expertise to support these requirements.”