Market Overview

Northern Trust Hedge Fund Services Selected by ExodusPoint for Fund Administration

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Northern Trust Hedge Fund Services (NTHFS) today announced its selection
as fund administrator for ExodusPoint Capital Management. NTHFS will
provide fund administration, risk services and liquidity solutions for
ExodusPoint, a multi-manager platform based in New York with portfolio
management teams investing more than $8 billion across equity and fixed
income strategies.

"Given our platform's significant trading volumes, breadth of products,
and need for scale, ExodusPoint requires an administrator with superior
technology and broad expertise," said Enrico Corsalini, Chief Operating
Officer of ExodusPoint. "Ultimately, it was Northern Trust's combination
of technology, expertise in supporting complex businesses, strong client
relationships and flexible service model that led to our decision."

"ExodusPoint needed an efficient, scalable solution for data
aggregation, intuitive analytics and highly customized operating model
in order to meet their internal needs and provide a high level of
transparency to investors," said Jeff Boyd, Head of Northern Trust Hedge
Fund Services, North America. "We approach sophisticated alternative
investment managers like ExodusPoint as an operations partner that can
provide holistic solutions to meet current needs and adapt to support
new investment strategies, operating models and markets."

Northern
Trust Hedge Fund Services
is a leading provider of administration
and middle office services for alternative fund managers and
institutional investors with complex portfolios. Its full-service,
front-to-back operating model can support any asset or strategy with
unparalleled flexibility in data management and reporting. NTHFS has
approximately $385 billion in assets under administration, as of June
30, 2018.

About Northern Trust

Northern Trust Corporation (NASDAQ:NTRS) is a leading provider of
wealth management, asset servicing, asset management and banking to
corporations, institutions, affluent families and individuals. Founded
in Chicago in 1889, Northern Trust has offices in the United States in
19 states and Washington, D.C., and 23 international locations in
Canada, Europe, the Middle East and the Asia-Pacific region. As of June
30, 2018, Northern Trust had assets under custody/administration of
US$10.7 trillion, and assets under management of US$1.1 trillion. For
more than 125 years, Northern Trust has earned distinction as an
industry leader for exceptional service, financial expertise, integrity
and innovation. Visit northerntrust.com
or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South LaSalle Street,
Chicago, Illinois 60603 U.S.A., incorporated with limited liability in
the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

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