Northern Trust Global Investments Selected By Shriners Hospitals For Children For $3.2 Billion Index Mandate
CHICAGO, Oct. 21 /PRNewswire-FirstCall/ -- Northern Trust announced today that Shriners Hospitals for Children selected Northern Trust Global Investments, the investment arm of Northern Trust, to manage approximately $3.2 billion in S&P 500 and Lehman Brothers Aggregate Bond Indexes. Shriners Hospitals, a valued Northern Trust client since the late 1950's, awarded this mandate after Northern Trust successfully completed a $6 billion transition management mandate on their behalf during a major portfolio restructuring.
Shriners Hospitals for Children own and operate 22 hospitals across North America and provide expert orthopedic and burn care to children under the age of 18. All services are provided without charge to the patient or patient's family.
Northern Trust Corporation is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago, has a growing network of offices in 15 U.S. states and has international offices in six countries. As of September 30, 2004, Northern Trust had assets under administration of $2.4 trillion, assets under investment management of $535 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com/.Northern Trust
CONTACT: Christine Harmon, Vice President of Northern Trust,+1-312-444-5051, firstname.lastname@example.org; or Kurt Ross or Guy Lawrence, both of Ross &Lawrence Public Relations, +1-212-308-3333, email@example.com, for NorthernTrust
Web site: http://www.northerntrust.com/