Northern Trust has launched a new investment fund platform consisting of collective funds sub-advised by investment managers retained and overseen by Northern Trust. The sub-advisors will market their funds themselves.

“Collective trust funds are increasingly seen as an attractive vehicle for investment options offered in defined contribution and 401(k) retirement plans, due to their potential for greater pricing flexibility and other advantages,” said Peter Cherecwich, head of global fund services, North America, and chief operating officer for corporate and institutional services at Northern Trust.

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