Northern Trust and EDS Selected by Cornerstone FTM for Research Management and Portfolio Construction Capabilities
May 07 2024 - 10:10AM
Business Wire
Asset manager demand for advanced front-office
support propels growth of Investment Data Science business at
Northern Trust
Northern Trust (Nasdaq: NTRS) announced today that Cornerstone
FTM, a financial technology focused investment fund, has selected
Northern Trust and its strategic partner, Equity Data Science
(EDS), for Research Management System (RMS) and Portfolio
Construction solutions. Cornerstone will also leverage Northern
Trust custody and hedge fund administration services, and data
visualization and ingestion capabilities from EDS.
This new collaboration highlights the continued growth momentum
of Northern Trust’s Investment Data Science (IDS) product suite, of
which EDS is a key partner. In the last 12 months, IDS has more
than doubled the number of clients that utilize its services.
“The solutions available through Northern Trust and EDS support
our critical processes and decision-making from front to back
office,” said Jean-Jacques Louis, CIO & Co-Founder of
Cornerstone FTM. “We are impressed with their advanced capabilities
that will automate our investment process, allowing us to scale and
make better investment decisions. We look forward to capitalizing
on these data aggregation, ingestion and visualization tools to
improve our investment process.”
RMS and Portfolio Construction are data-driven tools that allow
for quicker, more informed investment decisions backed by
actionable insights. Using the tools, investment teams are better
equipped to analyze and measure the success of their inputs and
decisions.
Paul Fahey, Head of Investment Data Science at Northern Trust
Asset Servicing, said: “this appointment by Cornerstone, FTM is
further evidence of the value of our data science toolset, which
helps our clients drive high quality outcomes so they can invest
more effectively in their core activities. We look forward to
building on our momentum in the future.”
As Northern Trust continues to expand its solutions and reach,
it remains committed to delivering its Whole Office strategy.
Moving beyond middle and back-office capabilities, Northern Trust
Asset Servicing can offer services and benefits to all parts of an
asset manager’s business, including direct support for portfolio
managers’ daily investment processes.
About Cornerstone FTM
Cornerstone Financial Technology Management is a fundamental
long/short equity manager seeking private equity-like, risk
adjusted returns by investing in publicly traded equities within
financial technology and related space. Founded by Robert Greifeld
and Jean-Jacques Louis, Cornerstone FTM leverages a deep expertise
in financial technology space powered by a custom-built, cutting
edge, technology driven investment platform to drive stock
selection. The Founders have used similar strategically focused and
cash flow-oriented methodology over several decades to execute on
and manage over 50 private acquisitions and numerous equity and
direct capital investments as executives in prior funds and
businesses. Over the years, our commitment to data-driven,
systematic, rigorous due diligence and fundamental analyses has
consistently yielded exceptional results both in the public and
private markets, as well as the operation of large businesses.
About Equity Data Science
Equity Data Science (EDS) is an investment process management
(IPM) solutions provider that empowers many of the world's leading
hedge funds and asset managers through greater insights and
productivity for decision-making. Trusted since 2012, it harnesses
proprietary and third-party data and research on a modern platform
configured to the unique investment visions of clients. The EDS
platform supports idea generation, research management, portfolio
construction and analytics, risk management, performance
attribution and ESG.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has a global presence
with offices in 24 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of March 31, 2024, Northern Trust had assets under
custody/administration of US$16.5 trillion, and assets under
management of US$1.5 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/terms-and-conditions.
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Media Contacts Europe, Middle East,
Africa & Asia-Pacific:
Camilla Greene +44 (0) 20 7982 2176 Camilla_Greene@ntrs.com
Simon Ansell + 44 (0) 20 7982 1016 Simon_Ansell@ntrs.com
US & Canada:
John O’Connell +1 312 444 2388 John_O'Connell@ntrs.com
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