Milwaukee, Wis.-based UMB Fund Services, Inc. today revealed a new milestone for its Investment Managers Series Trust, which has surpassed the $2 billion mark in net assets.

The trust, which was started in late 2007, has experienced a rapid acceleration in growth recently, due to a combination of new assets and funds added to the trust, according to the firm. While it took more than three years to reach the $1 billion mark in mid-2011, it only took approximately seven months to reach $2 billion.

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