Northern Trust opens Tokyo office for fund biz

Northern Trust Global Investments inherited enough of DeutscheÆs business in Japan to warrant an office.

Chicago-based Northern Trust Global Investments has put its feet on the ground in Japan for the first time, and plans to plug its quantitative fund management and hedge fund products to Japanese institutional investors.

The move results from NTGI's $100 million acquisition of Deutsche Bank's $44.1 billion passive equity, fixed-income and enhanced index business on January 31. Before the deal, NTGI's own passive fund management business was ranked seventh in the world, which denied it the...

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