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).
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
SOURCE Northern Trust Global Investments