Two new mandates for Northern Trust:
It has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide asset servicing solutions to the USD18.5bn fund, including custody, accounting, post-trade compliance, performance measurement and advanced support for alternative and derivative investments as well as financial reporting.
Northern Trust has been appointed to provide trustee, custody, fund administration and transfer agency to the CG Scottish Widows’ Long Term Asset Fund offerings, which will include diversified credit and growth LTAFs, due to be launched in 2025. Northern Trust will work with Carne Group, which has been appointed as the funds’ AIFM.