Northern Trust has launched North America Alternative Fund Services, a new group which combines established private equity and hedge fund services businesses to address the operational and strategic needs of the evolving alternative asset management industry. North America Alternative Fund Services provides fund administration, accounting and data solutions to some of the world’s most sophisticated hedge funds, private equity managers and managed account platforms. It offers specialised expertise in complex valuations, cash, collateral and liquidity management, as well as analytics and transparency into portfolios that increasingly combine hedge fund strategies with fund structures traditionally used by private equity firms.