As per the agreement, the company will perform operations that include transfer agency and shareholder services, fund accounting, financial administration and custody to allow investment manager clients to cost effectively enter the mutual fund business.
US registered funds product manager at Northern Trust Barb Nelligan said: ‘The Advisers Investment Trust vehicle allows us to provide a consistent back office experience and superior client service for our funds clients combined with Beacon Hill’s business management and governance experience.’
AIT provides an alternative to the advisers and investment managers for the distribution of their investment strategy as a ’40 Act Mutual Fund.
Beacon Hill serves as the sponsor, distributor, chief compliance officer, chief financial officer and other fund officer positions, and manages AIT’s daily activities and the independent board.
