Northern Trust has partnered with a San Francisco-based tech firm to give its institutional clients access to a mountain of hedge fund data.

The deal, announced on Monday, combines Northern Trust's asset servicing platform with AltX's hedge fund intelligence tool.

As a result, a platform listing 70,000 hedge fund personnel profiles and 20,000 funds will be on offer. 

“This new data solution raises the bar for asset owners,” said Peter Cherecwich, Americas head of corporate and institutional services at Northern Trust. 

“This exclusive agreement addresses our clients’ requirements for better transparency and clarity around their investments, ultimately helping them drive better business results.”

Sam Hocking, chief executive officer of AltX, added: “Asset owners around the globe continue to seek access to more granular data in ever more meaningful ways."

Hocking previously co-ran BNP Paribas’ prime brokerage unit before setting up AltX in 2012.

In basic terms, AltX uses sophisticated algorithms to understand investment biases and preferences of investors and hedge fund managers. 

Firms who service, target and invest in the hedge fund industry can find new clients and know their existing clients better.

Jefferies joined AltX's growing list of investment bank clients in January this year.