Northern Trust’s global custody and fund administration services will help launch the Brandes Global Value Fund.
Officials at Northern Trust report that they are expanding their relationship with Brandes Investment Partners (Asia) Pte Ltd via global custody and fund administration services that will support the launch of the Brandes Global Value Fund in Australia.
Brandes Investment Partners (Asia) Pte Ltd is part of the Brandes group of companies that includes Brandes Investment Partners L.P.
“The Brandes Global Value Fund is an Australian Unit Trust available to Australian institutional and wholesale investors,” officials add. Founded in 1974 and based in La Jolla, Calif., Brandes is an investment advisory firm that specializes in managing global equity and fixed-income assets for clients worldwide via value investing.
“Brandes has been a Northern Trust client since 1992, with the relationship growing over time to encompass a range of services, including global custody, fund accounting and administration, transfer agency, foreign exchange, securities lending, and Equity Data Science (EDS) capabilities for Brandes’ mutual funds and institutional funds in the U.S.,” officials say. “In 2024, Brandes converted seven U.S. mutual funds into the Northern Trust Datum One Series Trust.”
Oliver Murray
“Working with Northern Trust has allowed us to further streamline our U.S. mutual fund business via Datum One Series Trust and to efficiently enter a new market for us with the launch of our first Australian-domiciled mutual fund,” says Oliver Murray, CEO of Brandes, in a prepared statement.
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