Northern Trust to install GIPS platform in outsourcing deal

LONDON – Northern Trust, one of the world's largest private banking, asset management and asset servicing firms, with around $600 billion under management and $2.9 trillion under custody, is implementing PerformaGlobal, a Global Investment Performance Standards (GIPS)-compliant performance management platform from Performa. The contract will allow Northern Trust to offer its outsourcing clients GIPS-compliant performance reports, which long-only asset managers are increasingly using as part