The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:An $18.2B-AUM Firm Buys a $1.5B-AUM ETF Biz, And ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 04, 2022

An $18.2B-AUM Firm Buys a $1.5B-AUM ETF Biz, And ...

Reported by Neil Anderson, Managing Editor

A publicly traded technology company's $18.2 billion-AUM (as of September 30, 2021) asset management subsidiary is buying Mr. Wonderful's $1.5 billion-AUM (as of yesterday) ETF business. The deal also includes an ongoing, two-part alliance between the two sides.

Kevin O'Leary
O'Shares Investments
Today, Laton Spahr, president of Denver-based SS&C Alps Advisors [profile], confirms that Windsor, Connecticut-based SS&C Technologies Holdings, Inc. (SS&C Alps' parent) has agreed to buy O'Shares' ETF business. Pricing and terms of the deal have not been publicly disclosed, and the deal is pending approval of the O'Shares funds' shareholders and of the boards of the OSI ETF Trust and the Alps ETF Trust.

Piper Sandler and Co. advised O'Shares on the deal. Stradley Ronon Stevens and Young, LLP provided legal counsel.

As part of the deal, Boston- and Montreal-based O'Shares' four ETFs will be transformed into brand new SS&C Alps ETFs. O'Shares will license its indexes (which the ETFs track) to SS&C Alps. And O'Shares will keep supporting the ETFs on the marketing side. Connor O'Brien, O'Shares' president and CEO, hints at future product development, too.

"This transaction provides expanded distribution for the ETFs, and also creates potential for collaboration in developing more ETFs, building on our Quality and Thematic investment principles," O'Brien states.

O'Shares' four current ETFs are: the O'Shares U.S. Quality Dividend ETF (OUSA), with about $823 million in AUM as of yesterday; the O'Shares Global Internet Giants ETF (OGIG), with about $482 million in AUM as of yesterday; the O'Shares U.S. Small Cap Quality Dividend ETF (OUSM), with about $164 million in AUM as of yesterday; and the O'Shares Europe Quality Dividend ETF (OEUR), with about $41 million in AUM as of yesterday. The expense ratio on each is 48 basis points.

Kevin O'Leary, the reality TV star known as "Mr. Wonderful" on Shark Tank and the chairman of O'Shares, describes the deal with SS&C as "a strategic move for O'Shares." (Per O'Shares' most recent form ADV, both O'Leary and O'Brien are owners of the ETF shop, which first launched back in 2015.)

"The transaction with SS&C ALPS provides important scale and enhanced distribution," O'Leary states. "We will continue to work with SS&C ALPS leadership and sales teams to support the growth of the funds in all markets across the country. The ETFs will continue tracking the proprietary indexes we developed, focusing on quality and preservation of capital."

Spahr puts the O'Shares deal in the context of the SS&C Alps team's focus on innovation and delivering "diverse investment opportunities."

"We share many of the same quality and thematic investment principles and are excited about our opportunities our new relationship presents," Spahr states.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Nicsa webinar - Luxembourg: The FinTech Gateway to Europ, May 18
  2. MMI webinar - How Wealth Firms Can Attract and Retain the Modern Investor, May 18
  3. ICI webinar - New Research Shows "First-Mover" Is a Universal Investor Response — Not Unique to Open-End Mutual Funds, May 18
  4. MFDF webinar - Mutual Fund Director Compensation: The MPI Annual Survey (2022), May 19
  5. 2022 ICI Leadership Summit, May 25-26
  6. ALFI Roadshow to New York, May 25
  7. 2022 IDC Fund Directors Workshop, May 26
  8. Irish Funds Annual Global Funds Conference 2022, May 30-31
  9. WealthManagement Edge, May 31 - June 3
  10. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  11. 28th annual Expect Miracles East Coast Classic, June 9
  12. 2022 Sohn Investment Conference, June 9
  13. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  14. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  15. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  16. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  17. 2022 MMI Emerging Asset Managers Forum, June 23
  18. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  19. Financial Planning INVEST, Jun 28-29
  20. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  21. MFDF Director Discussion Series - Open Forum (New York), July 20
  22. 2022 MMI Distribution Leadership Forum, Jul 20-21
  23. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  24. MFDF webinar - Performance, Perception and Manager Selection, September 14
  25. 2022 ICI Tax and Accounting Conference, Sep 18-21
  26. 5th annual Expect Miracles Atlantic Coast Classic, October 3

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use