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

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

Rating:A $4B-AUMA Multi-Boutique Adds a 4th Fund to a New Suite Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 29, 2022

A $4B-AUMA Multi-Boutique Adds a 4th Fund to a New Suite

Reported by Neil Anderson, Managing Editor

A $4-billion-AUMA, 30-person, multi-boutique asset manager based in Washington, D.C. is adding a fourth fund to a new suite that has grown to more than $325 million in three months.

Alexander Robert "Alex" Morris
F/m Investments
President, Chief Investment Officer
Earlier this month, Alex Morris, president and chief investment officer of F/m Investments [profile], and Dave Littleton, CEO of F/m, unveiled the launch of the US Treasury 12 Month Bill ETF (OBIL on the Nasdaq). The new fund is part of F/m's new US Benchmark Series. Its inception date was November 15, and it now has $5.51 million in AUM.

The US Benchmark Series features single-security, passively managed ETFs that invest in different types of U.S. Treasuries. OBIL specifically focuses on 12-month treasuries, and it is designed to track the ICE BofA US 1-Year Treasury Bill Index.

Like the first three US Benchmark ETFs, which launched back in August, OBIL is a series of the RBB Fund, Inc.. Like the other ETFs in the series, OBIL's PM team includes Morris (co-creator of the series) and Peter Baden, chief investment officer of F/m's Genoa Asset Management, with F/m's North Slope Capital LLC (a white label advisory firm) as investment advisor.

"The application of the existing ETFs has been revolutionary, beyond even our most ambitious expectations," Morris tates. "Given the shape of the yield curve today, we are responding to investor demand in launching the highest yielding tenor, the 12 month, with the intentions to prudently launch the other points on the curve."

Littleton adds that working with RBB on the US Benchmark series "has made the entire process trouble-free."

OBIL uses the same service providers used by the other ETFs in the US Benchmark series. Those other other providers include: Cohen & Company, Ltd. as independent accounting firm; Faegre Drinke Biddle & Reath LLP as legal counsel; ICE Data Services as index provider; Jane Street Capital as lead market maker; Mirae Asset Securities (USA) Inc. (along with several other investment firms) as an initial funding provider; 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 and securities lending agent. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©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