CHICAGO–(BUSINESS WIRE)–Northern Trust Asset Management (NTAM), a unit of Northern Trust (Nasdaq: NTRS), today announced that Michael Hunstad, Ph.D., head of quantitative strategies since 2018, is expanding his management responsibilities to include NTAM’s index stocks and tax-efficient equity teams, both based on the systematic approach that powers the company’s quantitative processes. Hunstad was simultaneously named a member of NTAM’s executive group.
“Mike’s skills in effective portfolio construction and risk management make him extremely well positioned to foster even closer collaboration between the three teams, creating greater overall operational efficiency,” said Angelo Manioudakis, Director Northern Trust investments. “Combining these three disciplines under Mike’s proven leadership will drive even greater innovation to deliver solutions tailored to the ever-changing needs of today’s investors.”
Since Hunstad led the Quantitative Strategies team, its equity assets under management have grown from $14 billion to $36.9 billion as of December 31, 2021. NTAM is among the industry’s leading equity solutions providers for over two decades, during which time it has grown its index equity and tax-advantaged equity strategies to $608 billion and $90.4 billion, respectively, as of December 31, 2021. said Manioudakis.
“Knowing that specific investment factors have produced the most excess returns or alpha in stocks for decades, I am excited about the additional benefits that my colleagues and I will be able to bring to clients through synergies. quantitative investment between the three teams”, Hunstad mentioned. “The new structure will allow us to fully exploit the benefits of factor investing, allowing us to better meet NTAM’s core principle that investors should always be compensated for the risk they take.”
Hunstad holds a Ph.D. in Mathematics from the Illinois Institute of Technology, a Masters in Econometrics from the University of Illinois at Chicago, an MBA in Finance from Purdue University’s Krannert School of Management, and a a BA in Economics from Northern State University, Aberdeen. , SD He has published over 80 articles and articles in professional and academic journals, including Pensions and investments, European pensionsthe Index Investing Journalthe Alternative Investment Analyst Reviewthe Journal of financial and strategic decisions and the Corporate Cash Management Journal. He has spoken at over 200 conferences in North America, Europe, Asia, the Middle East, Australia and New Zealand.
About Northern Trust Asset Management
Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments, so they can confidently achieve their long-term goals. With US$1.3 trillion in investor assets as of December 31, 2021, we understand investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take – in all market environments and all investment strategies. That’s why we combine sound capital markets research, expert portfolio construction and comprehensive risk management to design innovative and effective solutions that deliver targeted investment results. As committed contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.
Northern Trust Asset Management is comprised of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, KK, NT Global Advisors, Inc., 50 South Capital Advisors, LLC , Belvedere Advisors LLC and the investment staff of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2021, Northern Trust had assets under custody/administration of US$16.2 trillion and assets under management of US$1.6 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA Please read our global and regulatory information.