Northern Trust sees rising multi-manager interest in Asia

Northern Trust says it is seeing increasing interest in its multi-manager and passive indexing services from time-pressed institutional clients in Asia. Asset managers report that internal governance and compliance requirements are taking up more of their time, cutting into their capacity to carry out due diligence and research, notes Kevin Hardy, head of Northern Trust global investments for Asia-Pacific. “They are running at 100%-plus capacity and things they know they ought to be d…