CHICAGO, Aug. 27 /PRNewswire/ -- Northern Trust announced today that St. John's Health Center Foundation of Santa Monica, California, selected Northern Trust Global Investments, the investment arm of Northern Trust, to manage an additional $14 million of balance sheet/operating assets. The assets will be invested in an existing enhanced cash, laddered bond portfolio investment strategy. These funds are being invested in conjunction with St. John's Health Center Foundation's on-going facilities expansion program.
Northern Trust Global Investments is a global, multi-asset class investment manager serving institutional and personal clients worldwide. With more than $527 billion in assets under management as of June 30, 2004, Northern Trust Global Investments offers a full array of active, passive and enhanced products, as well as manager-of-manager programs for alternative investments and other specialty programs, and is one of the nation's largest and fastest growing investment managers. Northern Trust Global Investments brings together the resources of The Northern Trust Company, Northern Trust Investments, N.A., Northern Trust Global Investments (Europe), Ltd., Northern Trust Global Investments Japan, K.K., and Northern Trust Global Advisors, Inc. and its subsidiaries. The Northern Trust Company (http://www.northerntrust.com/) is the principal subsidiary of Northern Trust Corporation .
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Northern Trust Global InvestmentsCONTACT: Company Contact, Rich Jurek, Vice President of The NorthernTrust Company, +1-312-444-5281, rj134@ntrs.com; or Agency Contact, Kurt Rossor Guy Lawrence, both of Ross & Lawrence Public Relations, +1-212-308-3333,kpross@rosslawpr.com
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