CINCINNATI, OHIO – June 27, 2023 – Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced fund administration, accounting, middle office, and investor solutions, is excited to announce its collaboration with Hypatia Capital in the successful launch of the company’s first Exchange Traded Fund (ETF). The fund, the Hypatia Women CEO Fund, strives to invest in established, women-led businesses and seeks to provide capital appreciation.
Hypatia Capital, a New York based asset management firm, focuses on sponsoring female CEOs and investors within its investment offerings in both the private and registered fund sectors. Instilling a culture centered around two key drivers, talent and performance, Hypatia Capital evaluated services providers, seeking a likeminded culturally inclusive firm to support its initiatives as well as navigate the complexities of launching an ETF.
Ultimus, known for its award-winning, consultative approach and extensive experience in fund administration, played a key role in Hypatia Capital launching its first ETF within an extremely impressive timeframe. As a newly Registered Investment Adviser, Hypatia required a timely fund launch to meet its business needs. To address this tight schedule, Hypatia sought out Ultimus for its unrivaled experience, and step-by-step guidance to bring the fund to life. In addition, utilizing Ultimus’ series trust model allowed Hypatia to leverage a turnkey solution and be named as the fund adviser while maintaining the control to exercise full brand marketing capabilities it desired in order to flourish.
Capitalizing on a seamless fund launch process, this ETF has been an important component of Hypatia’s company goals. Patricia Lizarraga, founder and managing partner of Hypatia states, “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. We are so grateful to have partnered with Ultimus, who was able to offer guidance based on experience, while also listening to our timeline needs and helping to bring our goal to fruition.”
Larie Lydick, Vice President, ETF Product at Ultimus, commented on Ultimus’ collaboration in the fund launch. “It was an honor to work with Patricia and the Hypatia team to help launch their new innovative ETF, which invests in publicly traded securities that have female Chief Executive Officers. I’m glad the Hypatia team leveraged Ultimus’ deep industry knowledge and introductions to the ecosystem to quickly get to market by launching the fund in one of our series trusts. I look forward to working with the Hypatia team and their continued success.”
Ultimus remains the second-largest ETF fund administrator by number of clients and maintains an active schedule for incoming business and onboarding services. Utilizing state-of-the-art technology and a dedicated team of ETF professionals, Ultimus provides clients with an efficient onboarding process while also ensuring it has the capacity and scalability to handle the incoming volume of new business. Ultimus played a key role in getting Hypatia to market within its established timeline and looks forward to continued growth in establishing new client partnerships.
Ultimus Fund Solutions (Ultimus) is a leading provider of full-service tech-enhanced fund administration, accounting, middle office, and investor solutions to support the launching and servicing of registered funds, private funds, and public plans. The company also offers customized structures designed for the unique needs of pensions, endowments, foundations, and other large institutions. Ultimus’ deep commitment to excellence is achieved through investments in best-in-class technology, compliance programs, organization-wide cyber security efforts, and hiring seasoned professionals.
Headquartered in Cincinnati, Ohio with offices in other major cities such as Chicago, Denver, New York, and Boston, Ultimus employs more than 925 seasoned accountants, attorneys, paralegals, application developers, fund administrators, compliance specialists, and many others with years of experience in the financial services industry. Servicing over 1,800 total traditional and alternative funds, Ultimus helps investment managers and fund families flourish in today’s increasingly sophisticated and dynamic investment landscape. For more information, visit www.ultimusfundsolutions.com.
Investors should carefully consider the investment objectives, risks and charges of the fund before investing. The prospectus contains this information and other information about the fund, and it should be read carefully before investing. Investors can obtain a copy of the prospectus by calling 855-427-7360. The fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Hypatia Capital Management LLC
Important Risk Disclosures:
Exchange-traded funds involve risk including possible loss of principal. The performance data quoted represents past performance. Past performance does not guarantee future results. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund sharers, losses from trading in secondary markets, and periods of high volatility and disruption in the creation/redemption process of the Fund. These factors may lead to the Fund’s shares trading at a premium or discount to NAV. The returns on a portfolio of securities that excludes companies that are not led by female Chief Executive Officers or that do not have an Executive Chairperson or Chairperson who is female, may trail the returns on a portfolio of securities that includes such companies. Investing only in a portfolio of securities that are led by female Chief Executive Officers or that have an Executive Chairperson or Chairperson who is female may affect the Fund’s exposure to certain types of investments and may adversely impact the Fund’s performance depending on whether such investments are in or out of favor in the market.
Because the Fund invests primarily in components of the Index, the Fund’s investments are subject to the risks associated with changes to the Index. The Fund will be negatively affected by general declines in the securities and asset classes represented in the Index. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to closely follow the Index. The Index Provider relies on third party data it believes to be reliable in constructing the Index, but it does not guarantee the accuracy or availability of any such third party data, and there is also no guarantee with respect to the accuracy, availability or timeliness of the production of the Index. In addition, the Fund is actively managed and does not track the Index and the Adviser’s investment approach may not produce the desired results and may cause the Fund to underperform the Index. In addition, the Fund incurs operating expenses and portfolio transaction costs not incurred by the Index. These risks may be heightened during times of market volatility or other unusual market conditions.
The Fund is newly formed ETF and has a limited history of operations for investors to evaluate.
The fund is distributed by Northern Lights Distributors, LLC. (Member FINRA/SIPC).