The first outing for Blue Tractor and its shielded alpha ETF wrapper will be with Red Gate Advisers, a newly formed multi-boutique investment adviser set to launch its first fund, the Stance Equity ESG Large Cap Core ETF, which will be administered by the RBB Fund, Inc Series Trust.
“We are excited to partner and bring desirable strategies to investors,” says Craig Urciuoli, Co-Founder and President of Red Gate Advisers. “The Blue Tractor Shielded Alpha wrapper, offers the ability to access skilled managers, such as Stance Capital, who were previously hesitant to manage ETFs, which are superior shareholder-friendly vehicles.”
Terry Norman, Founder of Blue Tractor Group, LLC, says: “Blue Tractor’s Shielded Alpha structure offers an innovative and effective solution for active managers looking to access the numerous benefits of the ETF wrapper while protecting their proprietary investment approaches. The Shielded Alpha solution can be of particular use to ESG-focused managers such as Stance Capital. We are delighted to be working with Stance, RBB and Red Gate.”
Blue Tractor’s Shielded Alpha ETF structure is a ‘wrapper’ that facilitates management of actively managed portfolio strategies within an ETF rather than in a traditional mutual fund.
Stance Capital, founded by Bill Davis, is a Boston-based Registered Investment Advisor, specialising in quantitative ESG asset management and research. In conjunction with the license agreement, RGA, and RBB have filed a short form exemptive relief application with the Securities Exchange Commission (“SEC”) for Blue Tractor’s Shielded Alpha ETF structure to launch the Fund.
“We created Red Gate Advisers to provide emerging managers a gateway to the marketplace,” says Urciuoli. “By assisting boutiques in raising capital, building their own brands, and overseeing the fund governance and compliance, we offer a platform for them to thrive.” Red Gate is built on the foundation of active sales distribution and compliance, combined with the utilisation of the RBB Series Trust, making RGA a state-of-the art turn-key solution for boutique managers.
“We are excited to be working with Red Gate, Stance Capital, and Blue Tractor,” says Arnold Reichman, Chairman of the RBB Board. “The demand for ESG is growing, and Stance’s long-term and impressive track record, combined with its proprietary risk optimization approach uniquely positions them for success.”
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