BOCOM International Asset Management has chosen US-based Northern Trust to provide hedge fund administration services and middle-office outsourcing for one of its new funds.

Alpine Global Master Fund, a long/short market-neutral hedge fund, has selected financial services giant Northern Trust to provide administration services and middle-office outsourcing. 

The fund has a “fundamental quantitative investment methodology,” Northern Trust said in a statement, and is managed by BOCOM International Asset Management. Huatai-PineBridge Fund Management acts as its investment advisor. 

Shanghai-headquartered BOCOM International Asset Management is mainly responsible for the investment operations of asset management businesses, as well as researching and developing relevant products and service systems. Licensed by the Securities and Futures Commission, it is a wholly-owned subsidiary of Bank of Communications. 

Huatai-PineBridge Fund Management, established in 2004 in Shanghai, is a joint venture between Huatai Securities (49 per cent), PineBridge Investments (49 per cent) and Suzhou New District Hi-Tech Industrial (2 per cent). The company provides investment tools and solutions to investors. It is currently managing 46 public funds, according to a statement from Northern Trust. 

“One of the main reasons we selected Northern Trust was its industry-leading, robust technology and its experience in servicing complex offshore fund structures,” said Liang Shi, managing director of Alpine Global Master Fund.

He added: “Northern Trust provides the fund with a unique solution that suits its needs, enabling the fund manager and advisor to concentrate their efforts on generating returns for investors.”