and David Berns
are celebrating a big milestone for their three-year-old, New York City-based fund firm.
| Paul Sang Jin Kim|
Simplify Asset Management Inc.
Yesterday, the team at Simplify Asset Management
] publicly confirmed
that their ETF family has surpassed $2 billion in AUM. More specifically, Simplify's AUM reached about $2.044 billion in AUM yesterday.
Berns and Kim founded
Simplify in 2020, with Kim serving as CEO and Berns as chief investment officer. (The two co-founders remain the firm's principal owners, per Simplify's form ADV filed last December.) From the beginning, the Simplify team's focus has been on offering options-powered investment strategies to advisors.
The first three Simplify ETFs debuted on September 3, 2020. The fund family
has since grown to include a total of 26 ETFs, ranging from $2.5 million to $544 million in AUM each. Per Simplify's form ADV filed last Decemebr, the team has grown to 24 people, not counting clerical workers.
Stay ahead of the news ... Sign up for our email alerts now