"Northern Trust's expertise in middle-office outsourcing and successful history of supporting asset growth and new product launches for investment managers make them an ideal partner for our firm," said Lewis A. Sanders, Chief Executive Officer of Sanders Capital. "In addition to technology and operations strength, Northern Trust brings a commitment to best practices, compliance and governance standards that is critical to our foundation as an investment manager."

Northern Trust's Investment Operations Outsourcing business, within the Global Fund Services (GFS) unit, offers a full range of middle- and back-office services tailored to the individual needs and requirements of each investment manager. GFS has been servicing investment manager and fund company clients for more than 30 years, and has experience supporting a wide range of complex investment strategies. Globally, GFS services more than 430 investment managers encompassing approximately 4,000 funds.

"We are pleased to work with Sanders Capital, an institutional manager with a value orientation and a strong client-centric philosophy," said Peter Cherecwich, Chief Operating Officer for Corporate and Institutional Services at Northern Trust. "By outsourcing investment operations and fund administration services, Sanders Capital can focus resources on its core mission of producing superior investment results for clients."