Ascendant Service Provider Overview: Independent 3rd Party Oversight
In the financial services industry, third party oversight is imperative. The following is a list of the third party service providers we use at Ascendant. It is very important to understand the operations and controls of any investment manager you may use. If you’d like to speak with any of our service providers directly, please contact us.
UMB Bank N.A. provides custody services. UMB Financial Corporation (NASDAQ: UMBF) is a multi-bank holding company offering complete banking, asset management, health spending solutions, and related financial services to both individual and business customers nationwide. Its banking subsidiaries own and operate 135 banking centers in the United States.
Independent Registered Public Accounting Firm
Deloitte and Touche LLP has provided audit services since 2004.
Pinnacle Fund Administration LLC provides administration services. Pinnacle is based in Charlotte, North Carolina and is an independent and privately owned full service, SAS 70 Type II compliant administration company providing quality service to onshore and offshore alternative investment vehicles, including hedge funds, fund of funds and private equity funds, irrespective of size or strategy. Hallmarks of Pinnacle’s service include attention to detail by highly trained, experienced and ethical individuals, timely delivery of accurate net asset value calculations, easy to read investor statements, and responsive turnaround of enquiries from interested parties.
Pinnacle is a top-tier administrator of alternative investment products with more than $2 billion of assets under management and approximately 70 funds.
Cipperman & Company LLC acts as outside legal counsel to Ascendant Capital Partners LP. It is a unique law firm devoted exclusively to the investment management industry. Their lawyers have spent their careers in the investment management industry, including significant experience at major industry players. Their lawyers give us practical, real-world advice for making informed business decisions and controlling our legal risk. They have significant 1940 Act Fund experience. Cipperman & Company is local to Ascendant and has been the Firm’s legal counsel since 2004.
Risk Management Technology Provider
Ascendant uses Measurisk as a tool to help better monitor underlying manager holdings. Measurisk LLC is a leading provider of independent risk-transparency and risk-measurement solutions for institutional investors and asset managers. Their principal business is obtaining position level information from underlying hedge funds & processing the position details through a series of risk models. They now model the full positions of more than 1,000 hedge funds. Their technology enables improved investment decisions, management oversight and investor communications. Measurisk's risk solutions are designed to address the needs of pension plans, endowments and foundations, family offices, insurance companies, hedge funds and funds of hedge funds.
