Belmont Capital Group (Belmont) has chosen Ultius Fund Solutions to provide fund administration services for its new fund, the Belmont Theta Income Fund (Fund).
The Los Angeles, California based investment firm, with over USD1 billion dollars in assets under management, launched the fund through Valued Advisers Trust (VAT). Ultimus provides a full range of services including fund administration, compliance, fund accounting, financial administration, transfer agency and distribution support.
The fund seeks long-term growth of capital and income generation with limited correlation to equity markets and utilises an option premium collection strategy, the “Theta Overlay Program,” as an overlay on its short-term fixed income portfolio. The fund’s investments in short-term fixed income instruments are intended to provide liquidity and preserve capital. Belmont recognised increasing popularity and demand for this type of strategy and determined that it could start a mutual fund to help meet the needs of the market.
“We had been looking for ways to grow our firm and realised that a mutual fund was the next best step for growth,” says Belmont’s Managing Partner, Daniel Beckwith. “It was important for us to be able to focus on managing the fund investments, and not to be mired in day-to-day fund operations. Our team was eager to work with Ultimus because of their experience and knowledge in mutual fund administration, particularly in their consultative approach to both the practice management and distribution aspects.”
“We are thrilled to offer our full suite of services to Belmont,” says Mark Seger (pictured), Co-CEO and Managing Director of Ultimus. “Belmont had a lot of demand for their strategy in a fund format and strong connections from a distribution perspective. We are excited to partner with them to launch this innovative product and are pleased to provide our expertise in navigating the marketplace.”
