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

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

Rating:A 16-Year-Old Gotham Firm Enters the ETF Biz Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 10, 2023

A 16-Year-Old Gotham Firm Enters the ETF Biz

Reported by Neil Anderson, Managing Editor

A 16-year-old firm in Gotham, via its asset management arm, is entering the ETF business.

Patricia Silvia Lizarraga
Hypatia Capital Management LLC
Founder, Managing Member
Today, Patricia Lizarraga, founder and managing partner of Hypatia Capital Management LLC [profile], unveils the launch of the Hypatia Women CEO ETF (WCEO on the NYSE). The new fund's inception date was yesterday, and it comes with an expense ratio of 85 basis points.

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. 

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