Ladder Capital Asset Management has selected Ultimus Fund Solutions to provide fund administration services for the firm’s first mutual fund, the Ladder Select Bond Fund.
Headquartered in New York, Ladder intends to use the Ultimus Managers Trust platform as the firm expands its product offerings.
The Ladder Select Bond Fund draws on the firm’s expertise in the commercial real estate credit markets and is intended to provide a fixed-income strategy that may appeal to a variety of investors.
As part of the relationship, Ultimus helped craft Ladder’s fund to support the firm’s business goals. Ladder selected Ultimus after a national search, citing the firm’s strategic expertise and consultative approach to the design and launch of the fund as major factors.
“Ladder’s investment strategy draws on the firm’s commercial real estate expertise and we believe is unique in the marketplace. This approach raised specific product design and distribution considerations that had to be thought through during the planning process,” says Dave Carson (pictured), president of Ultimus Managers Trust. “We are pleased to be aligned with a firm of Ladder’s position and recognition in the marketplace. They are well established and we’re delighted to help them work towards achieving another business goal.”
“It was evident early in the process that Ultimus had expertise to help position the fund, thinking about what will be suitable tomorrow and in the future. We have a unique product and appreciate the knowledge and support Ultimus provided in bringing the fund to market,” says Thomas Harney, head of merchant banking and capital markets at Ladder. “With their consultative approach, they clearly understand our business direction and how to design the fund most effectively to get there. We’re excited about our fund, and happy to have Ultimus as a partner.”
