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 |
|
Friday, March 10, 2023 A Multi-Boutique Adds a 5th Fund to a 7-Month-Old Suite The folks at a freshly acquired, $4-billion-AUMA multi-boutique asset manager are adding a fifth fund to a seven-month-old, $700-million-AUM suite.
XBIL's inception date was March 7, and it now has $2.99 million in AUM. F/m (dba North Slope Capital, LLC) serves as the new fund's investment advisor, and it's PM team includes: Morris; Peter Baden, CIO of F/m's Genoa Asset Management; and Marcin Zdunek, director of trading and assistant portfolio manager at F/m's Oakhurst Capital Management. "With this launch of XBIL, we're responding to investor demand for simplified access to the highest yielding US Treasury security today, with 6-month Treasuries yielding over 5%," states Morris, who co-created the US Benchmark Series. "Investors want an easy, tax-efficient way to obtain yields that have not been seen in a low-risk, liquid investment in a very long time." Like with F/m's other US Benchmark Series ETFs (the first three debuted last August, and the fourth launched last November), XBIL comes with an expense ratio of 15 basis points and is a series of the RBB Fund, Inc.. The new fund also uses the same service providers: Cohen & Company, Ltd. as independent accounting firm; Faegre Drinker Biddle & Reath LLP as counsel; ICE Data Services as index provider; Jane Street Capital as lead market maker; Quasar Distributors, LLC as distributor and underwriter; U.S. Bank Global Fund Services, as administrator and transfer agent; and U.S. Bank, N.A. as custodian. Printed from: MFWire.com/story.asp?s=65693 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
