World News – United States – Driehaus Mutual Funds chooses Northern Trust as fund administrator

As Fund Administrator, Northern Trust will provide fund accounting, fund administration, regulatory administration, transfer agency and overall custodial services to Driehaus mutual funds.

Northern Trust was appointed in 2009 to provide global custody and related services to Driehaus entities, including the Driehaus mutual funds and The Richard H Driehaus Foundation

According to Bob Kurinsky, Director of Operations and Finance of Driehaus Capital Management and Treasurer of Driehaus Mutual Funds, the Northern Trust team has enabled them to “successfully consolidate” the relationships of multiple service providers into a single provider model.

“Through the combination of administration, fund accounting, transfer agency and custody with Northern Trust, we were able to reduce operational risk and increase expenses for the benefit of our shareholders,” said Kurinsky

Ryan Burns, Head of Global Fund Services, Americas at Northern Trust, added: “As a fund services provider, we support the entire asset manager office by providing scalability, efficiency and flexibility throughout. of the investment life cycle Our goal is to continue to leverage our support and grow with our customers  »

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