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 Excel® reports.
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 demand.
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 reporting applications.”
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.