Shortlist announced for annual Industry Leaders Awards which return to honour fund administrators and prime brokers through survey-related awards and Editors’ Choice categories.
The addition will help fuel Ultimus' drive to win fund administration and transfer agency mandates with larger clients.
The hire is the latest for Ultmius LeverPoint's sales and client relationship team, as it looks to expand its private equity fund administration footprint.
Mutual fund industry veteran Bob Dorsey will retire 20 years after co-founding Ultimus Fund Solutions in 1999.
The new fund is the first that gives non-accredited retail investors access to private equity market investment opportunities.
Ultimus’ engagements with NYSE and Blue Tractor will allow its asset manager clients to bring semi-transparent ETF products to market quicker.
Ultimus stated the hire reinforces the focus on alternative fund administration services and complements its acquisition of LeverPoint Management last year.
The acquisition of the New York-headquartered LeverPoint will boost Ultimus’ offering in the fastest growing segment of the fund services market.
Ultimus announced it would merge with Gemini in November after both companies entered into a deal to be acquired by private equity firm GTCR.
Industry experts give us their predictions for the New Year, focusing on regulatory and technology developments.