Northern Trust Reports Most U.S. Institutional Investors Suffer Third Consecutive...

Northern Trust Reports Most U.S. Institutional Investors Suffer Third
Consecutive Negative Quarter

CHICAGO, July 22 /PRNewswire-FirstCall/ -- Northern Trust announced today
that most U.S. institutional investment plan sponsors reported a third
consecutive quarter of negative results for the period ending June 30, 2008,
according to data in the Northern Trust Universe. The Northern Trust Universe
represents the performance results of more than 300 large institutional
investment plans, with a combined asset value of approximately $700 billion,
which subscribe to Northern Trust performance measurement services.
"Most plan types reported another down quarter," said Craig Tome, product
manager, Northern Trust Investment Risk & Analytical Services. "However,
despite the volatility of the markets, plan sponsors outperformed their
benchmarks across most asset segments."
Within the Northern Trust Universe, both Corporate and Public Funds plans
posted median returns of -0.7% for the quarter while Foundations & Endowment
plans performed slightly better with a median return of -0.1%. For one year,
Corporate and Public Funds reported median returns of -5.1% and -4.3%,
respectively. Foundations and Endowments outperformed their counterparts,
posting a median return of -3.1% for this same period.
"Higher allocations to fixed income appeared to benefit Corporate and
Public Funds plans over a one year time period, while Foundations & Endowments
continued to receive a boost from higher allocations to private equities,"
said Tome.
For the one-year period ending June 30, 2008, the Northern Trust Fixed
Income program universe posted a median return of 6.4%, while the Private
Equity program universe attained a median return of 11.4%. In that same
period, equity programs were down, from -12.3% for the U.S. Equity program
universe to -8.3% for the International Equity program universe.
Over longer periods, Foundations and Endowment plans had three- and
five-year median returns of 7.5% and 10.2%. During this same period, Public
Fund plans returned 7.2% and 9.4%, while Corporate plans returned 7.2%, and
9.6%, respectively.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of
investment management, asset and fund administration, fiduciary and banking
solutions for corporations, institutions and affluent individuals worldwide.
Northern Trust, a multibank holding company based in Chicago, has a growing
network of 85 offices in 18 U.S. states and has international offices in 15
locations in North America, Europe, the Middle East and the Asia-Pacific
region. As of June 30, 2008, Northern Trust had assets under custody of US$4.0
trillion, and assets under investment management of US$751.4 billion. Northern
Trust, founded in 1889, has earned distinction as an industry leader in
combining exceptional service and expertise with innovative products and
technology. For more information, visit http://www.northerntrust.com.
SOURCE Northern Trust Corporation

John O'Connell, Vice President, +1-312-444-2388, or Alexis Geocaris,
+1-312-444-3094, both of Northern Trust Corporation