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

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

Rating:$1.05B In Ten Months Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, June 13, 2023

$1.05B In Ten Months

Reported by Neil Anderson, Managing Editor

The team at a multi-boutique asset manager is celebrating the crossing into ten-figure territory by one of their original three ETFs.

Alexander Robert "Alex" Morris
F/m Investments
President, Chief Investment Officer
Yesterday, Alex Morris, president and chief investment officer of Diffractive Managers Group's F/m Investments, LLC [profile], confirmed that the US Treasury 3 Month Bill ETF (TBIL on the Nasdaq) recently surpassed $1 billion in AUM. More specifically, the passive fund now has about $1.05 billion in AUM. The fund comes with an expense ratio of 15 basis points.

Morris puts the milestone in the context of investors today needing "simplified access to the US Treasury market."

"The early success of TBIL is a direct result of investors' desires to invest in the short end of the yield curve," Morris states.

The F/m team launched TBIL and two other ETFs on August 9, 2022. The trio were F/m's first foray into the ETF space and were the first funds in F/m's US Benchmark Series, which has grown to ten funds in total, all of which invest in different U.S. Treasuries tenors. TBIL alone accounts for more than three-fifths of the series' $1.6 billion in AUM.

TBIL is a series of the RBB Fund, Inc. The fund is designed to track the ICE BofA US 3-Month Treasury Bill Index, and ICE Data Services serves as index provider.

F/m Investments, LLC (dba North Slope Capital, an F/m boutique that does white label advisory) serves as TBIL's investment advisor. The fund's PM team includes: Morris; Peter Baden, CIO of Genoa Asset Management (another F/m boutique); and Marcin Zdunek, director of trading and assistant portfolio manager at F/m. Zdunek is a new PM addition since the fund's debut 10 months ago.

The fund's other service providers remain the same. They are: Cohen & Company, Ltd. as independent accounting firm; Faegre Drinker Biddle & Reath LLP as counsel; Quasar Distributors 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: Q2Q1
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