Hitachi and Scottish Equitable Back Northern Trust Global Investments UK Equity Plus Fund
LONDON, Nov. 15 /PRNewswire-FirstCall/ -- Northern Trust Global Investments ("NTGI") has officially launched the Northern Trust manager of managers UK Equity Plus fund ("the Fund"), with 37.1 million pounds sterling seeding from Scottish Equitable and the Hitachi UK Pension Scheme. The Fund is Dublin based and aims to outperform the FTSE All Share by 2.5% per annum. Specialist UK equity manager Majedie Asset Management will run the growth-focused segment of the fund, while Mirabaud has been appointed to run the flexible, value-oriented portion of the fund. John Greene, Head of Manager Research within NTGI's European Manager of Managers business, commented: "It is a powerful endorsement to have secured funding from two such institutional investors." Tony Earnshaw, head of NTGI's European manager of managers business, added, "Our UK Equity Plus Fund will be more aggressive than our existing UK Equity Fund. We have received highly positive feedback from investors and intermediaries about the Fund and expect to see a steady inflow of investment from new and existing clients over the next 12 months." Northern Trust Global Investments is a global, multi-asset class investment manager serving institutional and personal clients worldwide. With more than $534 billion in assets under management as of September 30, 2004, Northern Trust Global Investments offers a full array of active, passive and enhanced products, as well as manager-of-manager programs for alternative investments and other specialty programs, and is one of the nation's largest and fastest growing investment managers. Northern Trust Global Investments brings together the resources of The Northern Trust Company, Northern Trust Investments, N.A., Northern Trust Global Investments (Europe), Ltd., Northern Trust Global Investments Japan, K.K., and Northern Trust Global Advisors, Inc. and its subsidiaries. The Northern Trust Company (http://www.northerntrust.com) is the principal subsidiary of Northern Trust Corporation (Nasdaq: NTRS). Northern Trust Chicago * New York * Stamford * London * Tokyo * Dublin * Toronto Northern Trust Global Investments London Contacts Tony Earnshaw +44 (0) 20 7982 3340 John Greene +44 (0) 20 7982 2000 Amit Popat +44 (0) 20 7982 3375 Northern Trust US Contact Christine Harmon 312-444-5051 mj2: London Agency Contacts Sara Murshed +44 (0) 20 7491 7820 Andrew Wilde +44 (0) 20 7491 7810 Ross & Lawrence: US Agency Contacts Kurt Ross 212-308-3333 Guy Lawrence 212-308-3333 About Northern Trust Global Investments (Europe) Limited For legal and technical reasons, outside the US, Northern Trust's asset management business is described as follows: * Northern Trust Global Investments (Europe) Limited ("NTGIE") is the London-based subsidiary that carries out Northern Trust's non-US based asset management activities. * Northern Trust Global Advisors Limited ("NTGAL") refers specifically to Northern Trust's manager-of-managers business. * NTGIE together with its sister company, NTGAL, are leading providers of active, quantitative and manager-of-managers investment solutions to pension schemes and other institutions in the UK, Europe, Middle East and Far East. * NTGIE also provides investment services in Securities Lending, Transition Management and Commission Recapture, which complement Northern Trust's Global Custody and Fund Administration businesses, whose European headquarters are in London and Dublin respectively. * As at 30th September 2004, NTGIE had approximately 12 billion pounds in assets under management. * NTGIE and NTGAL are authorised and regulated by the UK Financial Services Authority
SOURCE Northern Trust Global Investments
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