Cornerstone FTM Selects Northern Trust And EDS For Research Management And Portfolio Construction Capabilities
Portfolio Pulse from Benzinga Newsdesk
Northern Trust (NASDAQ:NTRS) has been selected by Cornerstone FTM, a fintech-focused investment fund, to provide Research Management System (RMS) and Portfolio Construction solutions, along with custody and hedge fund administration services. This partnership, including collaboration with Equity Data Science (EDS), underscores the growing demand for Northern Trust's Investment Data Science (IDS) offerings, which have seen a significant client increase over the past year. The tools provided will enhance Cornerstone FTM's investment process through advanced data aggregation, ingestion, and visualization capabilities.
May 07, 2024 | 2:13 pm
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POSITIVE IMPACT
Northern Trust's partnership with Cornerstone FTM for RMS and Portfolio Construction solutions, along with custody and hedge fund services, reflects positively on its Investment Data Science business growth.
The announcement of Northern Trust's partnership with Cornerstone FTM and the involvement of EDS in providing advanced investment solutions is likely to be viewed positively by investors. This collaboration not only demonstrates Northern Trust's capability in delivering cutting-edge investment tools but also signifies potential revenue growth from its Investment Data Science suite. The positive reception of this news could lead to a short-term uptick in NTRS's stock price as it reflects the company's expanding client base and innovative service offerings.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90