Ultimus has converted the Sterling Capital Management (SCM) mutual fund lineup to its servicing platform. An indirect subsidiary of Guardian Capital, SCM transitioned 18 mutual funds, encompassing 60 share classes and USD4.8bn in assets, as part of its continued efforts to enhance operational efficiencies and service capabilities. This transition expands the existing relationship between SCM and Ultimus, which began with the administration of SCM’s actively managed-ETFs. In addition to the mutual fund conversion, SCM also introduced a new ETF, marking the second ETF launch with Ultimus.
