Diamond Hill Capital Management has chosen Ultimus Fund Solutions to provide a range of fund services for the firm’s 12 mutual funds and one private investment fund, which total over USD13 billion in net assets.
“Since the inception of our firm, we have placed our fiduciary responsibility to our clients first. That means not only delivering strong long-term investment results but also establishing best in class fund governance. In evaluating firms that provide fund accounting and transfer agent services, we wanted a partner that could deliver a customised high-touch service model with deep, experienced personnel resources,” says Gary Young, president of Diamond Hill Funds.
“We believe Ultimus is the right mutual fund service provider for our funds and fund shareholders. Their service model combines a strong control environment with efficient and responsive day-to-day operations. We look forward to building a long-lasting relationship.”
Diamond Hill, founded in 2000, currently has over USD19 billion in assets under management.
The scope of services Ultimus will provide for Diamond Hill includes fund accounting, financial reporting, blue sky, transfer agent and shareholder services.
“We are delighted that a well-respected firm like Diamond Hill chose to partner with us for their back office solution. Large, successful fund families don’t often change service providers, unless they expect benefits,” says Bob Dorsey (pictured), CEO and managing director at Ultimus. “We pride ourselves in providing fund services which combine the latest technology, proven controls, and talented professionals with high levels of industry expertise so firms like Diamond Hill can focus on managing assets and servicing clients while we help manage the fund operations. We look forward to partnering with them for many years to come.”
