Abu Dhabi Pensions & Benefits Retirement Fund hired Northern Trust as its first global custodian, Northern Trust spokeswoman Alexis Geocaris confirmed. Ms. Geocaris declined to provide the size of the fund, saying only that it is in the "multibillion-dollar" range. Andrew Palmer, the fund's financial controller, could not be reached for comment.
Northern also will provide risk analysis, including performance measurement and attribution analysis. The fund was established in 2000 by the Abu Dhabi government.