Northern Trust Enhances Delivery of Risk and Performance Data for
Institutional and Wealth Clients
Data Direct adds Peer Universe Comparison to Customized Feed for Clients
CHICAGO -- February 5, 2013
To help institutional and wealth clients oversee large, sophisticated
investment portfolios, Northern Trust has added peer universe comparisons to
the range of risk and performance information available through Northern Trust
Data Direct, which streams a variety of data into customizable Microsoft
Increased flexibility within Data Direct allows clients to compare their
performance with more than 75 universes in the Northern Trust Investment Risk
& Analytical Services (IRAS) database, spanning Foundations and Endowments,
Corporate Pensions, Public Funds and Wealth Management plans in North America.
Clients can customize comparisons at the plan level or for different
investment programs and accounts.
“The introduction of peer universe information to Data Direct aligns with our
strategic goal of providing access to information that meets the analytical
needs of institutional clients,” said Paul d’Ouville, Global Head of Product
Management of Northern Trust. “The best information in the world is useless if
clients cannot access it whenever, wherever and however they need it. Data
Direct is a popular solution for clients that want to integrate Northern
Trust’s analytical content within their own reporting structure. Within these
reports, clients can access a breadth of information, including performance,
risk- and return-based analysis, ex-post and ex-ante risk statistics,
characteristics, attribution detail, and hedged currency analysis.”
Northern Trust Data Direct is an interactive Microsoft Excel plug-in program
that uses web services to retrieve information from various Northern Trust
databases. The application offers users streamlined access to their data by
automating the flow of information to Excel workbooks through intuitive query
definitions. Data Direct assists clients in automating everyday Excel
workbooks around specific data needs by dynamically populating spreadsheets on
Since the inaugural release of Data Direct in October 2010, Northern Trust has
extended Data Direct coverage to include:
*Internal Rates of Return – Helps clients understand how the timing of cash
flows in private equity and other funds affects the overall performance of
their managers or their investment program.
*Hedged Currency Returns – Assists clients with their analysis of currency
hedging on their portfolio.
*Contribution Reporting – Details the impact of individual securities,
sectors, countries or regions on overall portfolio returns.
*Duration Adjusted Exposure – Allows clients to view their exposure on a
duration adjusted basis as a measure of interest rate sensitivity.
*Holdings Based Analysis – Provides detailed performance based analysis on
individually managed accounts and consolidations.
“The rapid extension of new content introduced in Data Direct exemplifies
Northern Trust’s commitment to expand our technology to deliver essential data
that drives our clients’ investment decisions,” said Craig Tome, Senior
Product Developer at Northern Trust. “Recent consolidation of our calculation
platform provides improved scalability across multiple reporting vehicles
thereby expanding opportunities to deliver enhanced content within our
Northern Trust has provided risk and performance services to institutional
asset servicing clients for more than 30 years. Capabilities delivered through
the Investment Risk & Analytical Services group include risk monitoring,
performance evaluation and compliance services.
Microsoft Excel is a registered trademark of Microsoft Corporation.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment
management, asset and fund administration, banking solutions and fiduciary
services for corporations, institutions and affluent individuals worldwide.
Northern Trust, a financial holding company based in Chicago, has offices in
18 U.S. states and 16 international locations in North America, Europe, the
Middle East and the Asia-Pacific region. As of December 31, 2012, Northern
Trust had assets under custody of US$4.8 trillion, and assets under investment
management of US$758.9 billion. For more than 120 years, Northern Trust has
earned distinction as an industry leader in combining exceptional service and
expertise with innovative products and technology. For more information, visit
www.northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation
US, Canada & APAC:
John O’Connell, +1 312-444-2388
Camilla Greene, +44 (0) 207 982 2176
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