UMB Fund Services, Inc. has been selected to provide services to Vericimetry Funds' initial mutual fund, the Vericimetry U.S. Small Cap Value Fund.
"As we conducted our search for a service provider, the compelling factor that drew us to UMB was their experience helping emerging managers with their fund launches," stated Carlos Elizondo, chief operating officer for Vericimetry Advisors, the SEC-registered investment adviser to the Vericimetry Funds.
Headquartered in Los Angeles and founded in 20122, Vericimetry Advisors is led by chief executive officer, Glenn Freed. As a former executive with Dimensional Fund Advisors, the academic Freed delivered customized quantitative investment solutions to both the financial advisory and the institutional markets for much of the prior decade.
"In forming Vericimetry, we sought to forge new ground into quantitatively structured investment strategies," said Freed, in a statement.
“As we continue to introduce new strategies, UMB Fund Services is well-equipped to be a partner we can grow with into the future.”