MutualFundWire.com: A New York Player Climbs Into the Mutual Fund Biz

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Tuesday, December 20, 2016

A New York Player Climbs Into the Mutual Fund Biz

Ladder Capital just launched their first mutual fund, the Ladder Select Bond Fund.

"We’ve been able to put Ladder’s fundamental value-based commercial real estate underwriting to work on behalf of the Fund to identify investments intended to achieve our objective of generating current income while preserving capital,” states Craig Sedmak, portfolio manager.

Craig Sedmak
Ladder Capital
Managing director

Ladder Capital is a commercial real estate trust, committed to investing in secured commercial real estate and real estate-related assets. Currently, they have $6.2 billion in assets. The Ladder Select Bond Fund taps into Ladder Capital's expertise of commercial real estate credit markets through a fixed-income strategy. Currently, the fund offers institutional and advisor class shares.

Ultimus Fund Distributors, LLC is the fund's distributor, transfer agent, accountant and administrator. US Bank is the fund's custodian. Kilpatrick Townsend & Stockton LLP serve as the fund's legal council.

Ladder Capital is launching this fund on the Ultimus Managers Trust platform. Ultimus is a professional services company offering fund administration for small and mid-sized fund firms.

"The reason they chose us [is because] they like our partnership and consultative approach. The fund is investing in more commercial securities and they felt we demonstrated significant knowledge and expertise [on the topic]," states Bob Dorsey, CEO and managing director of Ultimus.

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