People Moves

Northern Trust Adds to Global Quantitative Management Team

Nick Parmee 14 September 2007

Northern Trust Adds to Global Quantitative Management Team

Northern Trust Global Investments, the multi-asset class investment management business of Northern Trust, has expanded its global quantitative management team with the addition of three portfolio managers and one investment strategist. Mark Sodergren will be a senior portfolio manager and researcher in the quantitative active team, responsible for research and implementation of several quantitative equity strategies, based in Chicago. He joins from Barclays Global Investors where he was a portfolio manager focused on active US large cap strategies. Scott Hammond joins the international index team as a portfolio manager to be based in New York. He was previously a senior international portfolio manager at Bank of New York. Greg Behar joins as investment strategist for the global quantitative team, also based in New York. He was a portfolio specialist for the active quantitative equity strategies at Deutsche Asset Management. Jacob Weaver will work in Northern Trust’s London office as head of the London and Tokyo-based global index portfolio management team. He has been promoted from within Northern Trust’s quant team where he was portfolio manager focusing on tax advantaged equity and structured small cap strategies in Chicago. Quantitative assets under management are approaching $260 billion while Northern Trusts’ client base continues to expand both domestically and internationally, the company said. “We believe that both low-cost beta and risk-controlled active strategies designed to efficiently produce alpha will continue to expand their share of the global investment market.”

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