Ultimus Selected by 300 North Capital

Sep 15, 2015

Ultimus Adviser Solutions Chosen by 300 North Capital to Provide Middle Office Services for Firm’s Hedge Funds,

Firm cited Ultimus’ technology offering and deep operational expertise as key reasons for the fund conversions

CINCINNATI, OHIO – SEPTEMBER 15, 2015 Ultimus Fund Solutions, LLC (Ultimus) announced today that its Adviser Solutions group has been selected by 300 North Capital (300 North) to provide shadow accounting and other middle office services for the firm’s 3 hedge funds and their separate accounts. Through the agreement, 300 North will leverage Ultimus’ best-in-class technology and industry knowledge to create a more efficient middle office operation, allowing the firm to devote its resources to managing money and diversifying its product offering. The southern California-based manager was drawn to Ultimus because of its reputation as a high touch service provider, focused on providing middle and back office services to small and mid-tier investment advisers.

Ultimus will provide middle office operations including a daily investment book of record, investor reporting, and billing and performance calculation services. 300 North transferred to Ultimus from a large service provider, choosing Ultimus after a comprehensive review of its professional staff, services and leading edge technologies.

“Firms are realizing that increased regulatory and reporting requirements are making it difficult to achieve efficiency in their middle office without taking away resources from other areas of their business,” said Gary Tenkman, Managing Director at Ultimus. “Our technology platform and experience in operations will alleviate the middle office burden for 300 North and let them focus on their clients and their established global macro strategy. We’re proud to be on the same team as 300 North and look forward to helping them continue to grow their hedge fund strategy.”

“Once we saw Ultimus demonstrate their expertise and what they could do for us, we knew that they would be the right partner to help us continue to grow,” said Timothy Blastek, Senior Vice President and Head of Trading at 300 North. “We already knew of their strong reputation, and their technology really impressed us during the evaluation. We’re excited to start this partnership, and continue to grow our business with Ultimus.”

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About Ultimus Fund Solutions

Ultimus Fund Solutions provides highly customized and comprehensive middle and back office services to small-and medium-sized investment advisers. Ultimus’ middle office service solution encompasses managing the technology infrastructure and operations required to manufacture the data needed for front office decision support platforms and enabling delivery of comprehensive reporting to advisers, investors, and regulators.

In addition, Ultimus offers mutual fund startup and organization services, fund administration, fund accounting, transfer agent and distribution services for both open-end and closed-end funds. Ultimus’ broad range of services are performed by teams of CPAs, attorneys, paralegals and other professionals with a wealth of mutual fund experience.

For more information, visit www.ultimusadvisersolutions.com.

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DISCLOSURE: Information contained on this website is based on public data, historical agreements and dialogue with intermediaries. Such information represents our current understanding of the described platforms and the costs associated with them. In many cases, such costs may be negotiable. All pricing and fee information is subject to change without notice.

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