CHICAGO–(BUSINESS WIRE)–As part of its initiative to provide customizable solutions, Northern Trust (Nasdaq: NTRS) has launched an enhanced cash management tool in its Front Office Solutions platform. The online tool allows asset owners with large allocations to private market assets to better control their liquidity through unified and personalized reports.
The new web-based liquidity management module gives users a comprehensive view of their portfolio’s liquidity based on multiple factors, including real-time data on private equity and expected cash flows, as well as complex contractual terms hedge funds.
“Private market exposure is growing at an increasingly rapid rate among dispatchers and managing cash has for too long been an onerous and manual process,” said John Turney, Head of Northern Trust Front Office Solutions. “This tool is central to our goal of supporting the entire office by providing customizable, visual solutions to give owners of complex assets a holistic view of their liquid and alternative asset classes.”
The tool allows asset owners to monitor and assess the pace of their cash flows in private and public markets through a custom time horizon feature, removing the tedious manual steps that investors often take. By adding a visual element, the tool gives users the ability to visualize the pace of their cash flow using bar charts, providing an enhanced perspective for assessing highly complex liquidity scenarios.
Front Office Solutions is an integrated cloud-based data and services platform that enables investment offices to visualize data from disparate sources across all asset classes in one central repository. It provides owners of complex assets, including foundations, endowments, family offices, pension plans and outsourced investment managers (OCIOs), with the data they need, in the format they need. need, enabling them to make informed investment decisions that help them achieve their strategies.
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 March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion and assets under management of US$1.5 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.