Ultimus Fund Solutions, the U.S.-based independent administrator, has been selected as the fund administration service provider for Red Cedar Investment Management, LLC, an asset manager and Registered Investment Adviser. The new fixed income fund, launched with Ultimus’ assistance, is part of a standalone proprietary trust and is comprised of high-quality, short duration bonds with a focus on securitised products. Red Cedar, formed in 2013 to serve institutional investors, has USD1.3bn AuM and is headquartered in Grand Rapids, Michigan.
