Driehaus Capital Management has selected Chicago-based Northern Trust to provide global custody and related services to Driehaus entities, including the Driehaus Mutual Funds and The Richard H. Driehaus Foundation.
Robert Gordon, president and chief executive officer of Driehaus Capital Management, said: “Northern Trust’s proven strength in global technology and tight service model for US mutual funds will support our investment strategies in developed, emerging and frontier markets.”
The Northern Trust Global Fund Services (GFS) group, within the Corporate & Institutional Services unit, provides an array of integrated solutions including investment operations outsourcing, accounting, administration, performance analysis, transfer agency and global custody, as well as banking and cash management solutions.
Northern Trust provides investment management, asset and fund administration, banking solutions and fiduciary services. Northern Trust, a financial holding company, has offices in 18 US states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2009, Northern Trust had assets under custody of $3.2 trillion, and assets under investment management of $558.9 billion.
