The Emerging Manager U.S. Equity Funds are designed to provide access to smaller, undiscovered investment boutiques with the primary objective of generating excess returns for corporate and public pension plan investors, according to a press release.
Northern Trust’s emerging manager funds are daily valued collective funds open to ERISA-qualified corporate and public employee pension plan investors. The Northern Trust Company of Connecticut (NTCC) serves as the trustee, selects sub-managers and monitors the investments of each sub-manager in the two funds.
The NTCC Emerging Manager U.S. Equity Non-lending Fund is benchmarked to the Russell 3000 Index of U.S stocks, and the NTCC Emerging Manager Large Cap Non-lending Fund is benchmarked to the Russell 1000 Index of large-cap U.S. stocks.
The funds currently utilize 11 sub-managers in a multi-manager structure.
The announcement said the emerging manager funds may be used as a core holding within a diversified actively managed asset allocation framework or as a satellite allocation complementing a predominantly passive investment approach.More information is at http://www.northerntrust.com.