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Pershing Square Capital Management selects Northern Trust for multi-jurisdictional fund administration services

Friday, November 13, 2020
Opalesque Industry Update - Northern Trust was recently appointed to provide fund administration services for Pershing Square Capital Management. Under the mandate, Northern Trust will support Pershing Square's Guernsey, Cayman and Delaware domiciled funds.

"Northern Trust has all the capabilities we were looking for in our administration partner," said Pershing Square chief financial officer Michael Gonnella. "Northern Trust is able to execute the complex daily, weekly and monthly requirements for our funds and deliver seamless service across geographies and products."

"We're very excited to begin this relationship with Pershing Square," said Jeff Boyd, chief executive officer, Northern Trust Hedge Fund Services. "We pride ourselves on our global reputation and are thrilled to support Pershing Square's investment business with a consistent high-quality service across regions."

Dave Sauvarin, country head, Channel Islands, Northern Trust, said: "We are delighted that Northern Trust in Guernsey has been named Administrator and Company Secretary to Pershing Square Holdings, and look forward to playing an important role in this multi-jurisdictional relationship with Pershing Square."

Northern Trust offers an extensive range of asset servicing solutions for many of the world's leading asset managers and asset owners across sectors including private equity, private debt, real estate, infrastructure and hedge funds. Its broad range of services includes fund administration, depositary, custody, middle office, banking, treasury and sophisticated reporting solutions.

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