Ultimus Fund Solutions: Ultimus Fund Solutions Assists New Age Alpha Through Mutual Fund Acquisition and Ensuing Conversion

New Age Alpha transitions 18 funds, enhancing operational efficiency through fund and middle-office service capabilitiesCINCINNATI, April 08, 2025 (GLOBE NEWSWIRE) -- April 8, 2025 Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, is pleased to announce the expansion of its existing relationship with New Age Alpha. Following New Age Alpha's acquisition of 21 investment funds with $2.6 billion in assets, Ultimus played a leading role in helping to establish two new trusts, converting the funds to the Ultimus service model, and subsequently merging four mutual funds into one. This extension of the current relationship reconfirms New Age Alpha's confidence in Ultimus as a strategic business partner.New Age Alpha, a New York-based firm with a history of innovative investment strategies and a growing book of business, turned to Ultimus for an enterprise-level solution, consisting of fund administration and accounting, transfer agency, distribution, and middle-office services, including investment book of record (IBOR) and trade settlement support. This latest initiative has enabled New Age Alpha to streamline operations while expanding its offerings available in the institutional and retail wealth channels."As New Age Alpha continues to evolve its product offering, we are excited to support their expansion by providing seamless operational services across a growing fund lineup," said Full story available on Benzinga.com