Northern Trust Enhances Performance and Analysis Tools for Alternatives

December 2, 2008 ( - Northern Trust announced new performance and analysis capabilities for clients investing in private equity, hedge funds, and other alternative assets.

According to the announcement, new features include an expanded range of resources and functions available online to meet the unique needs of alternative assets investors, and specialized tools to assist limited partners in administering private equity portfolios.

Northern Trust’s online performance analysis tool, Fundamentals, now provides access to internal rate of return (IRR) measures and on-the-fly analysis of the funding status and growth of private markets assets, including private equity and real assets, the announcement said. In addition, Fundamentals includes on-demand access to metrics that more accurately portray hedge fund performance, such as skew-ness, kurtosis, maximum drawdown, upside variance, Sterling ratio, and Calmar ratio.

The company has also enhanced the Private Monitor brand of premium private equity investor services with the deployment of Private i 5.0, by the Burgiss Group. Clients can track and analyze performance, and obtain ad hoc reports on various internal rate of return analyses, modified internal rate of return (under varied assumptions), funding and distribution ratios, and benchmark internal rate of return analysis. In the Private Monitor suite, Northern also offers the Burgiss Group’s browser-based application, Private Informant, a “look-through” reporting of partnership company holdings.

More information is at .