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

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

Rating:Focused On Family Offices, an MA Startup Plants ETF #1, And ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 9, 2024

Focused On Family Offices, an MA Startup Plants ETF #1, And ...

Reported by Neil Anderson, Managing Editor

A startup near Boston is entering the ETF space with one launch and prepping another. The new firm is specifically focused on the family office channel.

Zachary Carl "Zach" Wainwright
Twin Oak ETF Company
CEO
This morning, Zach Wainwright, CEO and principal owner of Twin Oak ETF Company [profile], unveiled the launch of his shop's first ETF, the Twin Oak Short Horizon Absolute Return ETF (TOAK on the NYSE Arca, Inc.). The team at the Wellesley, Massachusetts-based firm also filed to launch a second fund, the Twin Oak Active Opportunities ETF, without revealing that planned fund's ticker. Both funds will be actively managed series of Manager Directed Portfolios.

Twin Oak will serve as investment advisor to both funds, while Exchange Traded Concepts (ETC [profile]) will serve as subadvisor. Wainwright and Greg Stoner, managing director at Twin Oak, will PM both funds.

TOAK's inception date was August 19, and the fund comes with an expense ratio of 25 basis points (which bakes in a 20bps fee waiver promised for at least two years after launch). As of September 6 (Friday), the fund had $3.222 million in AUM.

The Twin Oak Active Opportunities ETF has not yet listed, and the filing does not reveal a ticker for the planned fund. It comes with an expense ratio of 99bps.

The planned Active Opportunities ETF will be designed to invest, both from a bottom-up and a top-down perspective, in a mix of individual equities, fixed income securities, and fixed income ETFs. TOAK, in contrast, is designed to use defined risk options (without leverage or selling unhedged options), specially mixing long calls, long puts, and debit spread options.

The Twin Oak team describes TOAK as being "built for family offices and tax sensitive investors." Wainwright calls the new fund "an easy-to-access investment vehicle that combines institutional quality portfolio management with the simplicity and tax efficiency of an ETF."

"Our goal at Twin Oak is to democratize access to innovative investment solutions," Wainwright states. "We work in partnership with families and tax sensitive investors to develop those strategies and unlock access to these institutional strategies in ETF form."

TOAK and the 2nd planned Twin Oak ETF will have several other service providers, including: Cohen & Company, Ltd. as independent accounting firm; Godfrey & Kahn, S.C. as counsel; PINE Distributors LLC as distributor; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, chief compliance officer provider, dividend disbursing agent, fund accountant, and transfer agent; and U.S. Bank, N.A. as custodian and securities lending agent. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - BDC Board Service 101, December 10
  2. WE Boston - Give Back Event, December 10
  3. IMEA Distribution Council webinar - Unlocking Your Competitive Edge: Driving Results Through Net Promoter Excellence, December 10
  4. WE New York - End of Year Celebration, December 11
  5. MFDF webinar - ETF Product Trends: Board Implications, December 11
  6. Nicsa webinar - The Virtues of Corporate Culture, December 11
  7. MFDF webinar - Visually Mapping Board Composition: Skills Matrices in Fund Board Rooms, December 18
  8. IMEA webinar - Driving Equity: The FARE Journey and Its Impact on Financial Services, December 19
  9. MFDF webinar - 2024 Fair Valuation Pricing Survey: Building and Strengthening the Valuation Operating Model, January 7, 2025
  10. MFDF webinar - 15(c) White Paper Webinar Series: Part 2 – Board Processes, January 9, 2025
  11. MFDF webinar - AI and Fund Compliance, January 21, 2025
  12. MFDF In Focus - In Focus: Small Boards' Use of Skills Matrices, January 22, 2025
  13. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  14. FSI OneVoice 2025, January 27 - 29, 2025
  15. 2025 ICI Innovate, February 3 - 5, 2025
  16. MFDF Director Discussion Series - Open Forum, February 10, 2025
  17. MFDF Director Discussion Series - Open Forum, February 11, 2025
  18. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025
  19. MFDF Director Discussion Series - Open Forum, April 2, 2025
  20. Envestnet Elevate 2025, April 9 - 10, 2025
  21. MFDF Director Discussion Series - Open Forum, April 15, 2025
  22. The 36th Sub-Advised Funds Forum, April 29 - 30, 2025
  23. Morningstar Investment Conference 2025, June 25 - 26, 2025
  24. MFDF Director Discussion Series - Open Forum, July 9, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use