Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Peter Cherecwich, head of Global Fund Services at Northern Trust.

6298

Northern Trust to service Harding Loevner’s US mutual funds

RELATED TOPICS​

Northern Trust has been selected by Harding Loevner to provide custody, fund administration and accounting services, transfer agency, and cash management services to the Harding Loevner Funds, its USD3bn US mutual fund family.

Northern Trust was also engaged as full service provider for Harding Loevner’s US based collective investment trust for retirement plans and its Dublin-based Ucits funds.

Harding Loevner, a registered investment adviser with USD9bn in assets under management, invests globally in growing, financially-sound, well-managed companies. Harding Loevner offers six portfolios, each managed according to the same growth investment philosophy and research-intensive stock selection process.

“Northern Trust’s servicing model was very attractive to us. Their ability to assign quality people to our relationship and their use of flexible technology were important considerations in our decision. We were interested in a service provider that could consolidate all the functions required to support our products efficiently,” says Ric Reiter, chief operating officer of Harding Loevner.

“We are delighted to announce this significant new business relationship with Harding Loevner, a respected fund management organisation that shares our commitment to transparency and integrity,” says Peter Cherecwich, chief operating officer for corporate and institutional services at Northern Trust. “Our footprint in the US mutual fund marketplace continues to grow, as investment managers recognise the strength of our brand and the depth and stability of our global fund services team.”

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by