Product Supports Asset Managers’ Distribution and Investment Goals
Northern Trust announced the launch of Datum One Series Trust, expanding its offering of solutions designed to give advisers and investment managers an efficient mechanism to amplify product distribution and deliver investment strategies via mutual funds registered under the Investment Company Act of 1940.
“Our clients value our superior client service and flexibility as their products expand and new distribution channels are explored”
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Datum One Series Trust is the second trust organized as part of Northern Trust’s offering. Advisers Investment Trust, launched in 2011, has grown to approximately US $18 billion in assets as of May 2020. It allows managers to focus on distributing their funds under their own brand name and marketing strategy while leveraging Northern Trust’s industry-leading infrastructure and back-office services.
A series trust, commonly known in the United States as an “umbrella trust,” is a registered investment company (RIC) filed with the U.S. Securities and Exchange Commission. The structure enables multiple unaffiliated registered investment advisers to manage separate portfolios or “series” within the same trust. The Datum One Series Trust is a comprehensive solution that supplies an experienced team of fund governance experts and fund officers to deliver best-practice regulatory support and operational infrastructure, freeing up the adviser to focus on money management, distribution and overall sales success.
“Our clients value our superior client service and flexibility as their products expand and new distribution channels are explored,” said Ryan Burns, Head of Global Fund Services in North America for Northern Trust. “Creating a second series trust solution increases our capacity to help clients get to market faster in support of their business goals.”
The Datum One Series Trust supports any asset class managed in a ‘40 Act fund and is available to SEC-registered investment managers based anywhere in the world looking to access the U.S. mutual fund market.
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