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Rating:A Stamford Shop Enters the 40 Act Biz Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 24, 2013

A Stamford Shop Enters the 40 Act Biz

Reported by Neil Anderson, Managing Editor

A 16-year-old institutional asset manager and private equity shop in Connecticut is getting into the mutual fund business.

Yesterday Cincinnati, Ohio-based mutual fund service provider Ultimus Fund Solutions confirmed that it is supporting the launch of Stamford, Connecticut-based Barrow Street Advisors' first two mutual funds, the Barrow All-Cap Core Fund and the Barrow All-Cap Long/Short Fund. Both of the funds are part of the Ultimus Managers Trust, and the funds are distributed by Ultimus Fund Distributors.

Barrow Street's institutional sibling, Barrow Street Capital, is a value equity shop that invests in both public and private equity. The strategies behind the two mutual funds were first launched on December 31, 2008.

Company Press Release

Ultimus Announces Addition of Two Barrow Funds to Ultimus Managers Trust   CINCINNATI—Ultimus Fund Solutions, LLC (Ultimus), one of the largest independent providers of mutual fund services to the financial industry, is pleased to announce Barrow Funds has launched two funds in its series trust, the Ultimus Managers Trust. Barrow Funds are managed by Barrow Street Advisors LLC. 

“We are pleased to be selected as the service provider for an investment firm such as Barrow Street Advisors,” said Bob Dorsey, president of Ultimus Managers Trust. “With the launch of new mutual funds, it is important that the adviser be able to depend on experts who can strategically navigate the funds through the many regulatory, operational and distribution issues that occur. Ultimus brings years of such experience and expertise to its clients, so firms such as Barrow Street can focus on managing assets and servicing their customers.”

The Ultimus Managers Trust affords independent registered investment advisers the advantages of the economies of scale and operational efficiencies of an established trust, while remaining operationally independent of the other trust member funds.   Member funds share in certain trust level expenses, yet each member fund maintains its own branding and identity.  Just as important as the operational efficiency of the Ultimus Managers Trust is the fact that it allows advisers to focus their efforts on managing money and growing assets under management while Ultimus is responsible for all of the fund administration tasks.

Barrow Street Advisors LLC, an investment management firm based in Stamford, Connecticut, conducted extensive due diligence on fund service providers and chose Ultimus due to its unparalleled professionalism and outstanding support of advisers who employ complex strategies said, David Bechtel, one of Barrow Street’s Principals. With the launch of two mutual funds, Barrow All-Cap Core Fund and Barrow All-Cap Long/Short Fund, Barrow Street is now able to provide mutual fund investors access to the public equities investment strategies it has been managing since December 31, 2008. Ultimus will work closely with Barrow Street to further define and implement the funds' distribution and marketing plans.

Since its inception in 1997, Barrow Street and its affiliates have invested over $550 million in value-oriented private and public equity strategies.  The firm serves pension funds, sovereign funds, endowments, foundations, family offices and high net worth individuals.

About Ultimus
Ultimus Fund Solutions, LLC is a leading provider of superior professional services to the financial services industry.  Ultimus provides highly personalized and comprehensive mutual fund services to small- and medium-sized fund groups.  Ultimus offers mutual fund startup and organization services, fund administration and distribution, fund accounting and pricing, and transfer agency and shareholder services for both open-end and closed-end funds.  Ultimus, headquartered in Cincinnati, Ohio, currently services 27 clients nationwide that have 66 funds and approximately $18 billion in assets.  For more information, visit www.ultimusfundsolutions.com.

To request a prospectus, which includes investment objectives, risks, fees, expenses and other information that you should read and consider carefully before investing, please call 1-877-767-6633. 

Barrow Funds are distributed by Ultimus Fund Distributors, LLC.

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