Northern Trust has launched its new ArcLine Alternatives managed account platform, designed to enable its wealth management clients capitalise on hedge fund opportunities through dedicated managed accounts.

The asset manager said that the new offering will lead to better manager and investor alignment through more transparency and customisation of liquidity.

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With a curated list of funds, ArcLine Alternatives aims to offer a source of total-portfolio risk diversification for clients.

Northern Trust Wealth Management president Steven Fradkin said: “We are constantly evaluating ways to provide our clients with unique and diversified investment opportunities to meet their long-term goals.

“This platform offers exposure to recognised hedge fund managers across a range of strategies in a highly efficient and secure manner.”

The new proposition has been developed in partnership with Lyxor Asset Management.

Lyxor Americas CEO Andrew Dabinett said: “We are pleased to collaborate with Northern Trust in offering an alternative investment solution that provides transparency and independent risk oversight through the use of separately managed accounts.

“This innovative infrastructure allows Northern Trust Wealth Management clients to further diversify their portfolios with highly differentiated investment managers while minimising non-investment risk.”

Northern Trust offers wealth management, asset servicing, asset management as well as banking services. The business reported assets under management of $1.1 trillion and assets under custody/administration of $10.8 trillion at the end of September 2018.