Osmosis Investment Management, a USD1.5 billion AUM asset manager, has appointed Northern Trust (Nasdaq: NTRS) to support its MoRE World Sustainable Market Neutral Fund – a sustainable investment fund taking long positions in resource-efficient companies, and short positions in inefficient companies across developed markets.
Services provided by Northern Trust include fund administration, foreign exchange algorithmic trading and liquidity management solutions.
The fund is supported by Prescient Fund Services (Ireland) Limited on the Prescient ICAV platform, which launched in 2017 and is geared towards supporting growing boutique to mid-sized asset managers – allowing them to distribute to investors cost-effectively and rapidly achieve scale. Northern Trust also supports the operation of this platform as Prescient’s custodian and appointed depositary under the European Union’s Undertakings for Collective Investment in Transferable Securities (UCITS) regulations.
Ben Dear (pictured), CEO, Osmosis Investment Management, says: “Northern Trust has supported several of our previous fund launches and we’re excited to extend our relationship with them on this fund. As well as our history of working in successful partnership, Northern Trust’s track-record of working with leading global asset managers gives us the utmost confidence they have the expertise and capability to support the continued scaling-up of this fund and our broader business.”
Clive Bellows, head of Global Fund Services Europe Middle East Africa (EMEA), Northern Trust, says: “We see an increasing trend of asset managers launching responsible and sustainable funds and are delighted to expand our relationship with Osmosis. We are focused on supporting the demands of their growth as they continue to evolve their products and capabilities. At the same time, our relationship with Prescient and links with their platform help us work in tandem to support our client’s operational requirements, and play our role in the smooth running of their business.”
Northern Trust’s Global Fund Services business provides fund administration, global custody, depositary, investment operations outsourcing and revenue enhancement solutions to global investment managers – supporting an extensive range of complex investment strategies across the full spectrum of asset classes.
In support of its clients, Northern Trust continually innovates and invests in technology, delivering a differentiated approach to trading that includes its FX Algo suite and Integrated Trading Solutions – all designed to reduce operational risk, manage exposure, minimise market impact and increase transparency.