Ultimus Fund Solutions is to provide fund administration services to Miles Capital liquid alternatives mutual fund, the Miles Capital Alternative Advantage Fund.  Based in Des Moines, Iowa, as an independent asset management firm managing nearly USD4.5 billion in traditional and nontraditional assets for clients, Miles selected the Unified Series Trust (UST) as its platform to gain operational efficiencies and expand its alternative investment solutions beyond its existing SMA business. Miles is the latest alternatives manager to select the Ultimus team for administration, fund accounting, transfer agency, compliance and distribution services through its turnkey multi-series trust structures, solidifying Ultimus as a

LoCorr Funds has restructured its Managed Futures Strategy Fund in a bid to provide benefits to investors by reducing overall fund expenses, focusing on improving tax efficiency and offering access to three prominent institutional investment managers in the managed futures space. The new fund structure provides more transparency and clarity through the elimination of the total return swap and thereby offering direct access to the investment managers as sub-advisers of the Fund. This change eliminates all fees associated with the swap, including any performance-based incentive fees paid to the underlying managers. The overall fees will be a minimum of 1.55