Fund administration

NAV Fund Administration Group Establishes Australia Location

Wednesday, August 4, 2021 - 8:00pm

OAKBROOK TERRACE, Ill., Aug. 4, 2021 /PRNewswire-PRWeb/ --NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, has launched NAV Fund Services (Australia) Pty.

Key Points: 
  • OAKBROOK TERRACE, Ill., Aug. 4, 2021 /PRNewswire-PRWeb/ --NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, has launched NAV Fund Services (Australia) Pty.
  • "In evaluating Australia as a potential location, we found a market ideally positioned for the comprehensive range of services, industry expertise, responsive client support, and competitive fee structure that NAV has established over the last three decades," said NAV COO Ambuj Garg.
  • NAV is recognized globally for its award-winning support for emerging funds, efficient transition of services for existing funds, and expertise in cryptocurrency fund administration and was recognized as the top global hedge fund administrator in the HFM Insights Service Provider Rankings and Ratings based on feedback from hedge fund COOs.
  • Founded in 1991, NAV is a privately-owned fund administrator recognized for its innovative and cost-effective fund administration solutions.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940: DEX CUSIP #: 246060107

Friday, July 30, 2021 - 3:36pm

A return of capital distribution does not necessarily reflect the Funds investment performance and should not be confused with yield or income.

Key Points: 
  • A return of capital distribution does not necessarily reflect the Funds investment performance and should not be confused with yield or income.
  • While the NAV performance may be indicative of the Funds investment performance, it does not measure the value of a shareholders investment in the Fund.
  • The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation.
  • MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.

Ultimus Fund Solutions Receives Highest Scores for 7th Consecutive Year in Global Custodian Mutual Fund Administration Survey

Wednesday, July 21, 2021 - 1:20pm

According to the survey report, said one client: Our experience with Ultimus has been excellent from start to finish.

Key Points: 
  • According to the survey report, said one client: Our experience with Ultimus has been excellent from start to finish.
  • In addition to receiving the highest overall score, Ultimus achieved additional milestones in the Global Custodian survey:
    Ultimus surpassed all other fund administrator scores in 12 services categories surveyed.
  • The annual Mutual Fund Administration Survey, administered by Global Custodian, asks fund sponsors to assess the quality of service received from their administrators.
  • Ultimus Fund Solutions (Ultimus) is a leading provider of full-service fund administration, accounting, and investor solutions to support the launching and servicing of registered funds, private funds, and public plans.

Sudrania Fund Services Announces Senior Leadership Appointments

Tuesday, July 20, 2021 - 1:00pm

CHICAGO , July 20, 2021 /PRNewswire-PRWeb/ -- Sudrania Fund Services (Sudrania) is pleased to announce the expansion of its global leadership team, bringing its global headcount to over 600 experienced team members.

Key Points: 
  • CHICAGO , July 20, 2021 /PRNewswire-PRWeb/ -- Sudrania Fund Services (Sudrania) is pleased to announce the expansion of its global leadership team, bringing its global headcount to over 600 experienced team members.
  • With these new appointments, Sudrania is focused on ensuring maximum success in Fund Administration.
  • This transformation will require professionals who understand how to help these managers focus on generating alpha while providing the reporting and transparency required," added Nitin Somani , co-Founder of Sudrania Fund Services Corp.
    Sudrania Fund Services is a global fund administrator based in Chicago, Illinois that leverages its proprietary Seamless platform, an award-winning, full-scale cloud-based, fund administration application which integrates portfolio, fund accounting and investor reporting, to provide best-in-class and cost-efficient solutions to both the traditional and alternative investment fund management community.
  • Recently, Sudrania has been shortlisted in the upcoming HFM U.S. Services Awards for Best Administrator in the category of Emerging Managers, Reporting/Regulatory Services and Technology.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940: DEX CUSIP #: 246060107

Friday, June 25, 2021 - 4:19pm

A return of capital distribution does not necessarily reflect the Funds investment performance and should not be confused with yield or income.

Key Points: 
  • A return of capital distribution does not necessarily reflect the Funds investment performance and should not be confused with yield or income.
  • While the NAV performance may be indicative of the Funds investment performance, it does not measure the value of a shareholders investment in the Fund.
  • The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation.
  • MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.

Ultimus Selected as Fund Servicer for ERShares

Wednesday, June 23, 2021 - 1:20pm

CINCINNATI, OHIO, June 23, 2021 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions (Ultimus), a leading tech-enabled provider of full-service fund administration, accounting, and investor solutions, is pleased to announce that it has been selected as servicer for Boston-based ERShares (also known as EntrepreneurShares).

Key Points: 
  • CINCINNATI, OHIO, June 23, 2021 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions (Ultimus), a leading tech-enabled provider of full-service fund administration, accounting, and investor solutions, is pleased to announce that it has been selected as servicer for Boston-based ERShares (also known as EntrepreneurShares).
  • ERShares transitioned three mutual funds and two exchange-traded funds (ETFs) to Ultimus in Q4 2020 from two previous providers following a comprehensive search.
  • Were proud that ERShares selected us as their trusted fund administration partner and brought their entire outsourced book of businessboth their mutual funds and ETFsunder one roof at Ultimus.
  • Ultimus Fund Solutions (Ultimus) is a leading provider of full-service fund administration, accounting, and investor solutions to support the launching and servicing of registered funds, private funds, and public plans.

Liberty All-Star Equity Fund May 2021 Monthly Update

Monday, June 14, 2021 - 8:48pm

If the market price is above the NAV the Fund is trading at a premium.

Key Points: 
  • If the market price is above the NAV the Fund is trading at a premium.
  • If the market price is below the NAV the Fund is trading at a discount.
  • Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses.
  • Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares.

Ultimus Named Transfer Agent Administrator for Parnassus Investments

Tuesday, June 8, 2021 - 1:25pm

CINCINNATI, June 08, 2021 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions (Ultimus), a leading independent, tech-enabled provider of full-service fund administration, accounting, and investor solutions, is pleased to announce its selection as Transfer Agent for Parnassus Investments , a San Francisco based, $41.7B fund family as of May 31, 2021.

Key Points: 
  • CINCINNATI, June 08, 2021 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions (Ultimus), a leading independent, tech-enabled provider of full-service fund administration, accounting, and investor solutions, is pleased to announce its selection as Transfer Agent for Parnassus Investments , a San Francisco based, $41.7B fund family as of May 31, 2021.
  • In addition to Ultimus providing transfer agency administration, Parnassus shareholders will be able to easily access their accounts through Ultimus proprietary uTRANSACTTM platform.
  • The exclusive uTRANSACT portal is a key offering of the firms Shareholder Services and Transfer Agent services.
  • As part of the transition of transfer agent services to Ultimus, over 300,000 Parnassus shareholder accounts were converted to Ultimus transfer agent system.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940: DEX CUSIP #: 246060107

Friday, May 28, 2021 - 4:04pm

A return of capital distribution does not necessarily reflect the Funds investment performance and should not be confused with yield or income.

Key Points: 
  • A return of capital distribution does not necessarily reflect the Funds investment performance and should not be confused with yield or income.
  • While the NAV performance may be indicative of the Funds investment performance, it does not measure the value of a shareholders investment in the Fund.
  • The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation.
  • MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.

Northern Trust Enhances Omnium Reconciliation Workflow Application

Tuesday, May 25, 2021 - 3:15pm

Rec Dashboard is hosted within Omnium, a Northern Trust middle- and back-office technology platform for fund administration.

Key Points: 
  • Rec Dashboard is hosted within Omnium, a Northern Trust middle- and back-office technology platform for fund administration.
  • As of March 31, 2021, Northern Trust had assets under custody/administration of US $14.8 trillion, and assets under management of US $1.4 trillion.
  • For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.
  • Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.