Northern Trust has been selected as global custodian to US based investment manager Kayne Anderson Rudnick's new International Equity Fund.
Chicago based Northern Trust will provide global custody, fund accounting and short term cash management services to the new limited liability company. The fund, launched on January 4, is aimed at institutional investors and high net worth individuals. The fund is targeted to reach $50m (£35m) by the end of the year.
Additionally, Northern Trust has been selected to provide online services to Kayne Anderson Rudnick.
By Geoffrey Ho
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