Slava Malkin joins as senior portfolio manager to bolster tax-advantaged strategies

Northern Trust Asset Management, a leading global investment management firm with $1.3 trillion in assets under management as of June 30, 2025, has appointed Slava Malkin as senior portfolio manager to develop and manage Northern Trust Asset Management’s long/short offerings.

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Slava Malkin, Northern Trust Asset Management

As a pioneer in tax-advantaged and quantitative equity portfolios for more than three decades, Northern Trust Asset Management is enhancing its capabilities by offering long/short portfolios to institutional investors and financial advisors by early 2026. The market for tax-managed long/short strategies is expanding, as clients increasingly seek strategies that: diversify concentrated positions, harvest losses to offset gains from business sales or private equity distributions, rejuvenate ossified portfolios and enhance short-term loss harvesting in cash-funded portfolios.

Malkin will lead the development and management of all tax-managed long/short equity strategies at Northern Trust Asset Management. He is based in New York and reports to Global Co-Chief Investment Officer Anwiti Bahuguna.

“As part of our commitment to accelerating growth and innovation, we are introducing tax-aware long/short equity strategies designed to deliver enhanced value for our clients. Slava’s deep expertise in quantitative investing and track record of developing these strategies will help lead our expansion in this critical area,” said Northern Trust Asset Management President Michael Hunstad, Ph.D. “As clients increasingly seek sophisticated solutions to diversify portfolios and optimize tax outcomes, long/short equity portfolios are a vital component of our growth strategy.”

Malkin is an accomplished investment professional with 25 years of experience managing quantitative active portfolio strategies, including tax-advantaged long/short equity, designed for high-net-worth and institutional investors. Prior to joining Northern Trust Asset Management, Malkin was a director at Aperio/BlackRock, leading research and portfolio management for tax-aware long/short equity strategies. His research focuses on concentrated stock solutions and optimal asset allocation. He previously held senior quantitative investing roles with Northcoast Asset Management, BNP Paribas, RHG Capital and others. He holds a master’s degree in statistics from Harvard University.

About Northern Trust Asset Management

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1.3 trillion in assets under management as of June 30, 2025, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.

About Northern Trust

Northern Trust Corporation (qa) 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 a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2025, Northern Trust had assets under custody/administration of US$18.1 trillion, and assets under management of US$1.7 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

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 https://www.northerntrust.com/terms-and-conditions.

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“As part of our commitment to accelerating growth and innovation, we are introducing tax-aware long/short equity strategies designed to deliver enhanced value for our clients," said Northern Trust Asset Management President Michael Hunstad, Ph.D.