Ultimus has supported KKM Financial in transitioning its Essential 40 mutual fund to an ETF. KKM Financial, an investment firm based in Chicago, launched The Essential 40 ETF, the latest addition to its suite of research-driven financial products. This new fund will utilise the benefits of the Northern Lights Fund Trust II series trust.
Category: Independents
Mallett joins GoldenSource
Marc Mallett, previously chief strategy officer at Northern Trust, has been appointed as chief commercial officer at GoldenSource, a U.S.-based data management firm.
Ocorian hires head of sales excellence
Ocorian, the C.I.-based provider, has appointed Markus Jolic as head of sales excellence. Based in Switzerland, he reports to Frank Hattann, chief commercial officer. Prior to joining Ocorian, he was area sales lead EMEA at UL Solutions.
Langham Hall supports Northcote fund launch
Langham Hall, the UK-based administrator, has supported Northcote Equity in the first and final close of its debut fund, Northcote Fund I, at its hard cap of GBP160m (USD207m). Langham Hall has provided fund administration and accounting services from its Guernsey office, as well as appointed representative services from its London office.
Ultimus supports Nightview conversion
Ultimus Fund Solutions has assisted Nightview Capital with the tax-free conversion of a private investment fund that Nightview Capital sponsored and advised into The Nightview Fund, an actively managed equity ETF. As a result of the Section 351 conversion, investors in the Nightview private fund received shares in the ETF equal in value to their…
Aduro partners with Fenergo
Fenergo, the provider of AI-powered solutions for KYC/AML, and client lifecycle management, has been appointed by Aduro Advisors, LLC, a U.S.-based fund administrator serving venture capital and private equity firms. This collaboration is in response to the final FinCEN AML rule, which is set to take effect on January 1, 2026. Aduro services >600 firms…
Passthrough partners with Snowflake
Passthrough has partnered with Snowflake, adding investor onboarding data to the data warehouse, ensuring every investor action, from invite to completed subscription document, is captured and available for reporting, analysis, and decision-making.
IDR rebrands
IDR, the private funds clearinghouse, today unveiled its new name and brand identity: Sonata One. Sonata One connects a growing network of over 53,000 investors with >6,500 funds.
Suntera partners with Tenor
Suntera Fund Services, a provider of fund administration and loan administration and loan agency services for private credit funds, has partnered with Tenor, the AI-powered platform aiming to improve private credit operations, to enhance efficiency, automation, and scalability in loan administration through a co-sourcing model. This collaboration enables Suntera to leverage Tenor’s Loan Central, AI-driven…
STP launches bundled solution
STP Investment Services, a U.S.-based provider of investment operations, fund administration, and compliance solutions, has launched STP LaunchAdvisor, a bundled service designed to deliver fund administration, investor services, regulatory filings, and core policies designed for exempt reporting advisers and private fund managers. The offering aims to eliminate the need for multiple service providers and provide…