Key Takeaways
- • Northern Trust Hedge Fund Services has been selected by Moorstone, L.P. to provide middle office services and fund administration, according to a Business Wire release from Northern Trust dated March 26, 2026.
- • The engagement runs on Northern Trust's Omnium platform and covers middle office, treasury and collateral management, fund administration, and financial and regulatory reporting.
- • Moorstone, L.P. is an independent, directly registered investment advisor focused on investing across the global commodity supply chain, and recently began operating as an independent firm.
- • Northern Trust describes the win as evidence of continued momentum in commodities-focused strategies, with Northern Trust reporting US$1.8 trillion in assets under management and US$18.7 trillion in assets under custody/administration as of December 31, 2025.
Summary
Northern Trust (Nasdaq: NTRS) announced that its Hedge Fund Services unit has been selected to provide middle office services and fund administration to Moorstone, L.P., an independent, directly registered investment advisor dedicated to investing in the global commodity supply chain. The announcement was issued via Business Wire from Chicago.
Under the engagement, Northern Trust is delivering a suite of services through its Omnium platform. These include middle office services, treasury and collateral management, fund administration, and financial and regulatory reporting. The release does not disclose the financial terms of the mandate or the size of Moorstone's assets.
John Kushner, head of relationship management at Northern Trust Hedge Fund Services, said the engagement "underscores the strength of our energy and commodity capabilities coupled with a high-touch service philosophy." He added that the win reflects the firm's continued momentum in supporting commodities-focused strategies and its ability to ensure operational precision as managers scale.
Timothy Schmidt, Chief Operating Officer of Moorstone, L.P., said that as the firm began operating independently, it was essential to select a provider that understood the asset class and could manage operational complexity. He described Northern Trust's experience, platform and collaborative approach as supporting the firm's long-term plans to grow its platform and deliver value for investment partners.
Northern Trust Corporation, which provides wealth management, asset servicing, asset management and banking services, reported US$18.7 trillion in assets under custody/administration and US$1.8 trillion in assets under management as of December 31, 2025, according to the release.
Under the engagement, Northern Trust is delivering a suite of services through its Omnium platform. These include middle office services, treasury and collateral management, fund administration, and financial and regulatory reporting. The release does not disclose the financial terms of the mandate or the size of Moorstone's assets.
John Kushner, head of relationship management at Northern Trust Hedge Fund Services, said the engagement "underscores the strength of our energy and commodity capabilities coupled with a high-touch service philosophy." He added that the win reflects the firm's continued momentum in supporting commodities-focused strategies and its ability to ensure operational precision as managers scale.
Timothy Schmidt, Chief Operating Officer of Moorstone, L.P., said that as the firm began operating independently, it was essential to select a provider that understood the asset class and could manage operational complexity. He described Northern Trust's experience, platform and collaborative approach as supporting the firm's long-term plans to grow its platform and deliver value for investment partners.
Northern Trust Corporation, which provides wealth management, asset servicing, asset management and banking services, reported US$18.7 trillion in assets under custody/administration and US$1.8 trillion in assets under management as of December 31, 2025, according to the release.
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