Ultimus Broadens Support for First Manhattan Across Private and Registered Funds
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Ultimus Fund Solutions Expands Partnership: Ultimus Fund Solutions has expanded its relationship with First Manhattan, now providing support for both private fund structures and exchange-traded funds (ETFs), including the FM Focus Equity ETF and FM Compounders Equity ETF, following the transition of nearly $635 million in net assets from a previous service provider.
Enhanced Fund Administration Services: The partnership highlights Ultimus's capability to offer comprehensive fund administration services, including sophisticated accounting and reporting, which enables First Manhattan to streamline operations and focus on delivering strong financial returns to clients.
Analyst Views on FMCX
Wall Street analysts forecast FMCX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMCX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 35.318
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Current: 35.318
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
