Fund Manager Hypatia Capital Files for ETF on Women CEOs
New York-based Hypatia Capital Management has filed with the Securities and Exchange Commission for the launch of the Hypatia Women CEO ETF (WCEO).
The new fund will invest in companies that have women as their CEO or whose boards are led by executive chairwomen.
The firm, whose managing partner is Patricia Lizarraga, runs a pair of indexes highlighting women in publicly traded companies and female-run hedge funds.
The asset management firm recently announced the launch of the Hypatia Women CEO Index, calculated and maintained by Wilshire, which is designed to measure the performance of female leadership in publicly traded companies.
Hypatia has also launched the Hypatia Women Fund Managers I (HWFM) for qualified investors to invest directly in women hedge fund managers who meet certain rules-based criteria.
Accordingly, Hypatia created the Hypatia Women Hedge Fund Index (HWIX) to measure female hedge fund performance, as well as an allocation mechanism for the HWFM.
Pictured: Patricia Lizarraga, Managing Partner of Hypatia Capital Management