Specialty Fund Services

With depth of experience and best-in-class technology, we provide comprehensive fund services for many specialty types of registered and nonregistered fund products. We listen to each investment manager’s business mission and expectations, and help you select the best product to reach your goals. As your trusted business partner, our consultative approach allows investment managers to focus on gathering assets and managing their products.



  • Business Development Company & Exchange-Traded Closed End Funds

    With years of experience in fund accounting and administration, Ultimus services Business Development Companies (BDCs) and Exchange-traded Closed End Funds. Ultimus provides the following fund administration and accounting, fund compliance, and reporting services:

    • Preparation and filing of registration statements
    • Coordination of board meetings
    • Daily, weekly , or monthly NAV calculations
    • Reconcile cash and positions
    • Expense accrual analysis
    • Produce quarterly financial statements
    • Assist auditors with annual audit
    • Assist with regulatory filings
    • Reporting for rating agencies
    • Compliance reporting and support
  • Interval & Tender Offer Funds

    These funds are a hybrid of hedge funds and mutual funds. Ultimus will provide operational expertise and outsourcing services necessary to support non-exchange traded closed-end fund structures. Ultimus provides the following services:

    • Preparation and filing of registration statements
    • Coordination of board meetings
    • Periodic NAV calculations
    • Reconcile cash and positions
    • Expense accrual analysis
    • Produce quarterly financial statements
    • Assist auditors with annual audit
    • Assist with regulatory filings
    • Unit-holder servicing and reporting
    • CCO and compliance reporting and support
  • Collective Investment Trust

    Collective Investment Trusts (CITs) are pooled investment products that offer a lower cost alternative to mutual funds for the defined contribution and defined benefit arena. Compared to mutual funds, CITs also have fewer regulatory and infrastructure requirements. Ultimus provides a turnkey solution for CITs which includes:

    • Trusteeship
    • Administration
    • Accounting
    • Custody
    • Transfer Agency

    Please see more information on our CIT fact sheet.

  • Private Funds

    Ultimus provides services for hedge funds and hedge fund of funds. We offer a comprehensive and dedicated hedge fund solution, providing you with full coverage of your trade support, accounting and investor servicing requirements. Ultimus provides the following services for these funds:

    • Monthly NAV Calculation
    • Management Fee and Incentive Calculations
    • Subscription and Redemption Processing
    • Anti-Money Laundering and Know Your Customer Reviews
    • Investor Accounting, Statements, and Servicing
    • Financial Reporting and Audit Report
    • K-1 Distributions


    Plus Ultimus can provide daily Middle Office services

    • Trade support and other daily reporting
  • Employee Securities Company

    Employee Securities Companies (ESCs) are very similar to open end mutual funds, with access limited to employees of the sponsoring employer and their families. Ultimus provides a service package similar to our mutual fund offering. Please see our complete offering of those services.