Donna L. Renaud, Senior Vice President of Northern Trust, co-manages the Northern Large Cap Value Fund.

Prior to joining Northern Trust in 2004, Ms. Renaud founded Renaud Asset Management Advisors Inc, an investment advisory firm that provided large-cap equity portfolio management. Previous to that, she served as Managing Director at Fundamental Management Corporation, where she managed limited partnerships and provided financial and strategic planning consulting services for several micro-cap companies. She also worked as an equity research analyst for Zacks Investment Research and a high yield bond analyst for Harch Capital Management.

Ms. Renaud received a B.A. degree with high distinction from Pennsylvania State University, an MBA from Arizona State University and is a CFA charterholder.