Investment Managers Series Trust II has announced a significant change in the management of The Ambassador Fund. Bert Ji has been appointed as the new portfolio manager, effective October 30, 2026. This transition is noteworthy as it may impact the fund's performance and investment strategy moving forward.

Investment Managers Series Trust II is an investment entity based in Milwaukee, Wisconsin. The company is known for managing various investment funds, including The Ambassador Fund, which offers both Institutional Class Shares (Ticker Symbol: EMPIX) and Class S Shares (Ticker Symbol: EMPSX). The firm has been active in filing various forms with the SEC, including a recent 485BXT and multiple 497 filings.

The recent SEC filing dated November 5, 2026, outlines the changes in management. According to the filing, "Effective October 30, 2026, Bert Ji began serving as the portfolio manager of the Fund and assumed primary responsibility for the day-to-day management of the Fund’s portfolio, assisted by other members of the investment team of Embassy Asset Management LP." It also notes that Niall MacGillivray no longer serves in this capacity.

This change in leadership may affect both investors and the broader investment management industry. Investors in The Ambassador Fund will be looking to see how Ji's management style and investment strategies differ from those of his predecessor. Additionally, the investment management industry may experience shifts as firms adapt to new leadership dynamics and strategies.

The filing does not specify what happens next regarding further changes or initiatives within the fund. However, it does indicate that additional information about the portfolio manager's compensation and other accounts managed will be available in the Fund's Statement of Additional Information.