The Nottingham Company, Inc., a U.S.-based fund services administrator and private label issuer to the mutual fund and ETF sectors, has gained SEC approval for the short form exemptive relief application for Blue Tractor’s Shielded Alpha ETF structure. This SEC action will enable Nottingham, its affiliate investment advisor OBP Capital and the Spinnaker ETF Series, to bring non-transparent ETFs to market for new and existing clients.
Nottingham, which is privately held, currently administers >USD31bn. OBP Capital was established to assist Nottingham clients with ETFs, holding exemptive orders for both active and passive ETF structures. OBP Capital provides the oversight and compliance management necessary to effectively operate as an ETF investment advisor and does not compete with the subadvisor portfolio managers of Nottingham-administered ETFs.