Northern Trust Co. of Connecticut, a subsidiary of Northern Trust...

Northern Trust Co. of Connecticut, a subsidiary of Northern Trust Global Advisors, hired LM Capital Group to run $30 million as part of Northern Trust's manager-of-managers program. The money will be placed in LM's Opportunistic Core Fixed Income strategy, said Christine Harmon, spokeswoman. The strategy uses macro economic and fundamental analysis and incorporates "global scenario planning" to target fixed-income investment opportunities, according to a news release. The decision to hire LM is part of an "ongoing effort to invest with smaller and newer investment firms," Ms. Harmon said.