MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, January 10, 2023 A 16-Year-Old Gotham Firm Enters the ETF Biz A 16-year-old firm in Gotham, via its asset management arm, is entering the ETF business.
Hypatia CM is a subsidiary of Hypatia Capital Group LLC (HCG), which Lizarraga launched in 2007 and which has a CEO-level female executive network with more than 1,000 business leaders. Hypatia CM, which launched in 2015, serves as WCEO's investment advisor, and Vident Investment Advisory, LLC serves as subadvisor. The new fund is a series of Ultimus Fund Solutions, LLC's Two Roads Shared Trust. Lizarraga serves as PM for WCEO. The actively managed fund is expected to primarily invest in components of the Hypatia Women CEO Index (HWCEO, which launched in 2021). HCG is the index creator and sponsor, while Wilshire Advisors LLC is the index calculation agent. Lizarraga puts the launch of WCEO in the context of investor interest in "research that highlights the performance of female leadership." "We are excited to launch the Hypatia Women CEO ETF to offer investors the chance to potentially diversify their portfolio from a gender perspective, invest their values, and use their investment dollars to create impact," Lizarraga states. Larie Lydick, vice president of ETF product at Ultimus, lauds WCEO as a "new innovative ETF which invests in large women-led companies." And Amrita Nandakumar, president of Vident, praises the new fund as a "first-of-its-kind strategy that seeks to provide exposure to female CEOs." Lydick notes that Hypatia CM also tapped into the Ultimus Distribution Advantage, which is led by Kevin Guerette, to understand the new fund's "distribution landscape." WCEO's other service providers include: Blank Rome LLP as counsel; Brown Brothers Harriman & Co. (BBH) as custodian and transfer agent; Cohen & Company as independent accounting firm; Northern Lights Distributors, LLC, an Ultimus affiliate, as distributor; and Ultimus itself as administrator and fund accountant. Printed from: MFWire.com/story.asp?s=65442 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
