Bringing you live news and features since 2006 

Mutual funds

Ultimus Fund Solutions to provde fund admin for Waycross Partners long/short mutual fund


Ultimus Fund Solutionshas been chosen by Waycross Partners to provide fund accounting, transfer agency and shareholder services, plus administration services for its recently launched Waycross Long/Short Equity Fund. 

Waycross launched the fund through the Ultimus Managers Trust, leveraging the Trust’s team of experienced service providers. Waycross is the latest private fund manager to launch an open-end mutual fund through the Ultimus Managers Trust, reinforcing the Trust’s emerging leadership position in the series trust space.

Ultimus will provide the fund with a full suite of services through the Ultimus Managers Trust including: fund accounting, administration, distribution, transfer agent and shareholder services. Waycross selected Ultimus in a competitive bid process. It cited Ultimus’ depth of experience working with liquid alts – particularly long/short funds – and knowledge of the operational landscape as important factors. Waycross launched its long/short strategy as the firm’s first private fund in 2005, and will be its first product offering in the mutual fund arena.

“More private fund managers are launching mutual funds to capitalize on investor demand for liquid alts strategies,” says Bob Dorsey, Co-Founder and Managing Director at Ultimus. “Liquid alts strategies and long/short strategies in particular require administrative, accounting and compliance expertise. The Ultimus Managers Trust made a lot of sense for Waycross because it has a team of proven service providers with the experience necessary to support their complex strategy. We're excited to work with them to launch the fund and to grow it with them over the long haul."

“When we started talking about the best way to launch the Waycross Long/Short Equity Fund in an open-end mutual fund structure while also maintaining our flagship private fund, it quickly became clear that Ultimus was the perfect partner to help us execute,” said Ben Thomas, Founder and Managing Partner of Waycross Partners. “Their experience launching liquid alts funds and expertise as a series trust provider made us feel that our business was in good hands. The Ultimus team was straightforward, advising us on strategy and educating us about some of the more complex issues to make sure that we were all on the same page. We’re excited to work together and look forward to growing our fund with Ultimus.”


Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by