Northern Trust to shadow BNY Mellon at Bridgewater
Northern Trust appointed to replicate middle- and back-office functions of existing administrator BNY Mellon at $140bn hedge fund
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 by
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