Print this article
Northern Trust Buys Mid-West Investment Manager
Nick Parmee
27 June 2008
Chicago-headquartered Northern Trust is acquiring Lakepoint Investment Partners of Cleveland, Ohio, an investment management firm with a client base of individual investors, corporations, pension and retirement programmes and foundations and endowments.
Lakepoint co-owners Mary Lynn Laughlin and Douglas Wang will join Northern Trust as senior vice presidents in
With $586 million under management, Lakepoint invests predominately in large capitalisation growth stocks and investment-grade fixed income securities to balance growth, preservation of capital and income.