CINCINNATI, OHIO – September 27, 2017– Ultimus Fund Solutions®, LLC (Ultimus®), is pleased to announce that they have been chosen by Essex Investment Management, LLC (Essex) to provide a full range of services for their new fund, the Essex Environmental Opportunities Fund. Essex, a Boston based investment adviser with over $700 million dollars in assets under management, selected Ultimus to provide legal, compliance, fund accounting, financial administration, transfer agency and distribution services for their fund through the Unified Series Trust.
The Environmental Opportunities Fund uses Essex’s Global Environmental Opportunities Strategy (GEOS), a small-mid cap strategy with a focus on investing in companies that enable sustainability. With the heightened interest of institutional and retail investors seeking to invest assets using this thematic environmental strategy, the firm realized that the mutual fund would allow more investors access to the strategy.
“GEOS allows us to invest in companies that enable greater natural resource and energy efficiency,” said Rob Uek, Co-CEO and Portfolio Manager at Essex. “This strategy is central to the values we uphold at Essex, and working with a company like Ultimus that recognizes this value, has created an exceptional partnership between the two of us.”
“We believe this particular strategy is well-suited to the mutual fund market,” said Dave Carson, President of Unified Series Trust and VP, Director of Client Strategies. “In addition, launching the fund in a series trust allows the fund to take advantage of the cost effectiveness and efficiencies of a series trust. That, in turn, enables Essex to focus on attracting more assets for their firm, and lets them take advantage of our Ultimus Distribution Advantage program.”
Hamersley Partners, a third-party marketing firm working with Essex, recognizes the strong market demand in Essex’s GEOS investment strategy, and has joined with Essex to support this opportunity to gain assets. After multiple strategy sessions with Ultimus, the two firms determined Ultimus to be the optimal service provider for daily fund operations. Through its relationship with Hamersley Partners, Essex chose to pursue this venture with Ultimus.
“Our relationship with Ultimus has been extremely important to Hamersley and Essex in launching this fund,” said Peter Pavlina, Managing Principal at Hamersley Partners, LLC. “Our companies’ values and mission are aligned. So, when coming together to participate in launching this fund, we all clicked very easily. We’re excited to see the potential of this fund and results of this opportunity.”
About Ultimus Fund Solutions
Ultimus Fund Solutions provides highly customized and comprehensive middle and back office services to midsize and smaller investment advisers. Ultimus offers service solutions for mutual funds, including fund organization, fund administration, fund accounting, transfer agent and distribution services for both open- and closed-end funds, plus turnkey solutions for collective investment trusts.
Ultimus’ middle office service solution for separately managed accounts and private funds encompasses managing the technology infrastructure and operations to manufacture the data, enabling delivery of detailed reporting to advisers, investors, and regulators. Ultimus’ comprehensive services are performed by teams of accountants, attorneys, paralegals and other professionals with a wealth of financial services experience. For more information, visit www.ultimusfundsolutions.com.
About Essex Opportunities Fund
Essex Investment Management Company, LLC (“Essex”) is investment adviser to the Essex Environmental Opportunities Fund (“Fund”). Hamersley Partners, LLC, a third-party marketing firm, has agreed to provide financial support to Essex in connection with the Fund, and will receive a portion of Essex’s net revenues from the Fund. This arrangement will have no impact on the Fund’s fees and expenses.
Investing involves risk, including loss of principal. There is no guarantee that this, or any, investing strategy will be successful. The value of the Fund’s shares, when redeemed, may be worth more or less than their original cost. Given the significant differences between separately managed accounts and mutual funds, investors should consider the differences in expenses, tax implication, and the overall objectives between separately managed accounts and mutual funds before investing. You should carefully consider the Fund’s investment objectives, risks and charges and expenses before investing. This and other important information is contained in the Fund’s prospectus and summary prospectus, which should be read carefully before investing. To obtain a fund prospectus or summary prospectus, call (800) 700-9929 or visit the funds website at www.essexfunds.com. The Fund is distributed by Ultimus Fund Distributors, LLC.