50 South Capital Continues to Build Investment Team

Media Contacts:
John O'Connell
312-444-2388
John_O'Connell@ntrs.com

FOR IMMEDIATE RELEASE

CHICAGO, November 18, 2015 -- John Frede has joined 50 South Capital Advisors as Director of Hedge Fund Research, further strengthening the group that provides multi-manager hedge fund solutions to institutional and high net worth investors.

As Director of Hedge Fund Research, Frede will manage the team responsible for selection and monitoring of managers in 50 South Capital’s hedge fund program, with a focus on small- and mid-size managers with unique and differentiated returns. He joins from Mesirow Advanced Strategies in Chicago, where he was Head of Research Management and a senior member of the investment team.

“John brings to 50 South Capital extensive experience in manager research and due diligence, a history of developing institutional quality investment processes, and deep relationships with fund managers and investors,” said Robert Morgan, Managing Director of 50 South Capital Advisors. “John’s hiring demonstrates our firm’s ability to continue to attract top professionals to the team, which is critical to maintaining the standard of excellence we have set in selecting and monitoring great hedge fund managers.”

Frede has more than 20 years of experience in finance and hedge fund research. Before leading Mesirow’s hedge fund research group, he had opened Mesirow’s London office and built its research team while serving as Head of European Research. Prior to Mesirow, Frede was Head of Research for the Americas at Mercer Investment Consulting, where he chaired a number of the firm’s ratings committees across traditional and alternative asset classes. He received a Bachelor of Science in finance from Indiana University. He is a CFA charterholder and a member of the CFA Institute.

• Assets of 50 South Capital include approximately $3.2 billion in assets under management and approximately $1.3 billion assets under advisement as of September 30, 2015.

About 50 South Capital Advisors
50 South Capital Advisors, LLC is an alternatives asset management firm designed to meet the core strategic needs of investors seeking access to private equity and hedge funds. Its highly experienced team works closely with a wide range of investors to fulfill specific investment objectives and create lasting relationships. 50 South Capital’s investment philosophy focuses on providing access primarily to small-to-mid sized managers that offer unique and differentiated sources of return. 50 South Capital is a wholly-owned subsidiary of Northern Trust Corporation. Visit www.50SouthCapital.com for more information.

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 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2015, Northern Trust had assets under custody of US$6 trillion, and assets under management of US$887 billion. 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 La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.