Northern Trust’s online performance analysis tool, Fundamentals, now provides access to internal rate of return measures and analysis of the funding status and growth of private markets assets, including private equity. It also includes on-demand access to metrics that can more accurately portray hedge fund performance, such as skewness, kurtosis, maximum drawdown, upside variance, Sterling ratio and Calmar ratio.

Christopher Mullooly, product manager for investment risk and analytical services, said: “These accounting and performance measurements go beyond traditional mean-variance analysis, recognising the need to understand the often non-normally distributed return behaviour of private equity, hedge funds and real estate.”

These enhanced capabilities are available to all clients subscribing to Northern Trust’s performance analysis service and are delivered via Passport, Northern Trust’s online data platform.

Northern Trust has also strengthened its Private Monitor brand of premium private equity investor services with the deployment of Private i 5.0 from the Burgiss Group. Clients can track and analyse performance and obtain reports on various IRR analyses, modified IRR , funding and distribution ratios, and benchmark internal rate of return analysis.

In the Private Monitor suite, NT also offers the Burgiss Group’s browser-based application, Private Informant, a “look-through” reporting of partnership company holdings.