Northern Trust to shadow BNY Mellon at Bridgewater

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Northern Trust has been appointed by Bridgewater Associates to independently replicate and back-up certain middle- and back-office services provided by existing administrator BNY Mellon, as part of the hedge fund manager's ongoing back-office transformation plan. BNY Mellon says that after a two-year due-diligence process that included the entire landscape of providers, it was chosen as Bridgewater's primary provider of middle- and back-office services at the end of 2011. "This is unchanged b