Northern Trust publishes on its website:
“LONDON – Northern Trust (Nasdaq: NTRS) today announced it has been appointed by Hermes Investment Management to provide Foreign Exchange (FX) currency management services for its Irish fund range.
Northern Trust’s comprehensive currency management suite comprises portfolio overlay, share class hedging and ‘look through’ hedging solutions to help asset managers and asset owners manage and mitigate currency volatility, while actively supporting distribution strategies. Currency management’s scalable integrated operating and technology model delivers active monitoring against target hedge ratios, unrealized P&L views, real time performance attribution analytics and detailed transparency and oversight dashboards.”
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