Northern Trust in German fund management joint venture

Northern Trust Global Investments has made its first foray into continental Europe by joining forces with the asset management arm of Germany's Helaba Bank.

The institutional investment management services joint venture, Helaba NorthernTrust, will offer investment products to the German institutional market, starting with the Helaba Invest corporate bond fund that is being offered on both a discretionary segregated basis and in pooled fund format.

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