On March 26, 2026, Northern Trust announced that its Hedge Fund Services division was selected by Moorstone, L.P. to provide middle‑office services and fund administration through the Omnium platform. The engagement will cover middle‑office services, treasury and collateral management, fund administration, and financial and regulatory reporting.
Moorstone, L.P. is an independent investment advisor focused on the global commodity supply chain, with approximately $2.18 billion in assets under management as of September 30, 2025. The partnership positions Northern Trust to deepen its presence in the commodities‑focused alternative asset space and underscores its strategy of winning high‑margin, relationship‑driven business in niche markets.
John Kushner, head of relationship management at Northern Trust Hedge Fund Services, said: “This engagement underscores the strength of our energy and commodity capabilities coupled with a high‑touch service philosophy. Our clients value and trust our proven ability to create operating leverage for alternative asset managers. It reflects our continued momentum in supporting commodities‑focused investment strategies, as well as our ability to ensure operational precision as managers scale and evolve their platforms.” Timothy Schmidt, chief operating officer of Moorstone, added: “As Moorstone began operating as an independent firm, it was mission critical to select a strategic provider that understood the asset class, could manage operational complexity with ease, and serve as a true thought partner as we continue to scale our business. Northern Trust's deep experience, strong platform and collaborative approach will support our long‑term efforts to grow our platform and deliver value for our investment partners.”
The client win demonstrates Northern Trust’s ability to attract and service specialized commodity‑focused managers, reinforcing its focus on high‑margin, relationship‑driven growth. By leveraging the Omnium platform, Northern Trust can scale its middle‑office capabilities while maintaining operational precision, positioning the firm to capture additional business in the growing energy and commodity investment space.
The partnership aligns with Northern Trust’s broader investment in the Omnium platform and its commitment to expanding services for alternative asset managers, potentially opening new revenue streams and strengthening its competitive position in a niche market.
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