The latest in funds and investments across North America.

Northern Trust
Northern Trust has launched a new operation called North America Alternative Fund Services.

This new group provides fund administration, accounting and data solutions to hedge funds, private equity managers and managed account platforms. It offers expertise in complex valuations, cash, collateral and liquidity management, as well as analytics and transparency into portfolios.

It will be led by Peter Sanchez, who has been head of Northern Trust hedge fund services since 2011. Jeff Boyd has been promoted to lead hedge fund services in North America, reporting to Sanchez.