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Synera Funds Announces Launch of Takumi+ ETF

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NEW YORK, Oct. 7, 2026 /PRNewswire/ — Synera Funds today announced the launch of the Synera Funds Takumi+ ETF (Ticker: SMTJ) on the NYSE Arca, providing investors with access to a differentiated, actively-managed Japanese equities-focused strategy in ETF format.

SMTJ seeks capital appreciation through a foundational approach that utilizes investment theme screening with fundamentally-driven bottom-up Japanese equity selection. With the goal of strengthening the overall return stream and reducing volatility, the fund provides an additional layer of a systematic futures overlay aiming to generate complementary, uncorrelated returns and downside risk mitigation across global markets and asset classes, without any additional capital allocation.

Synera Funds believes that Japan is undergoing a structural shift toward higher nominal growth, improved capital efficiency and more disciplined corporate governance. Companies are increasingly focused on Return on Equity, balance-sheet optimization and shareholder returns, while rising wages and a normalization of inflation are supporting domestic demand. Combined with attractive relative valuations across segments of the market and Japan’s global leadership in automation, technology and advanced manufacturing, Synera Funds believes that these dynamics create a differentiated opportunity for investors seeking long-term investment opportunities while adding diversification to global equity portfolios.

“We believe this partnership represents an important opportunity to bring SuMi TRUST’s Japanese equity expertise to a broader base of U.S. investors. Millburn’s experience in systematic investing and Twin Oak’s expertise in delivering differentiated strategies through the ETF structure make them strong partners in bringing this vision to market. We are excited to offer investors a new way to access Japanese equities through a transparent, efficient and thoughtfully constructed investment solution,” said Yusuke Karube, President and CEO of Sumitomo Mitsui Trust Asset Management Americas, Inc.

The ETF brings together the complementary expertise of three investment and product specialists. Sumitomo Mitsui Trust Asset Management Americas, Inc. serves as Model Sub-Adviser for the Japanese Equity strategy, providing SuMi TRUST’s fundamental expertise in Japanese equities. Millburn Ridgefield LLC serves as Investment Adviser, supervising the entire portfolio and managing the systematic futures overlay strategy. Twin Oak ETF Company serves as the ETF’s organizer, as well as an operations and distribution partner, focused on bringing differentiated, actively managed investment strategies to U.S. investors, including the Synera Funds Takumi+ ETF. Together, these capabilities provide a differentiated and innovative investment solution within a single ETF.

“SuMi TRUST has what Millburn saw as an impressive and differentiated history in the Japanese equity market. Our research shows that Millburn’s systematic managed futures approach, which we have been running and refining for more than 55 years, complements this strategy and offers the potential for risk mitigation, including lower volatility and the chance to profit when equity strategies come under periodic pressure. We are excited to bring this hybrid approach to the market in an integrated ETF, and believe it offers advantages for investors over Japan-focused strategies currently in the market. Further, we believe it is an excellent entry point for Millburn as an investment manager in the ETF space,” said Barry Goodman, co-CEO and Executive Director of Trading, Millburn Ridgefield LLC.

“Active ETFs are becoming an increasingly important vehicle for active management, giving investors access to differentiated strategies in a transparent and tax-efficient structure. We see a clear need for innovative Japan equity solutions in the U.S. market, and are excited to partner with Millburn and SuMi TRUST to bring SMTJ to investors. Their complementary investment capabilities, combined with our expertise in developing and distributing actively managed ETFs, create a differentiated solution designed to meet evolving investor needs,” said Zach Wainwright, Founder and CEO of Twin Oak ETF Company.

The Synera Funds Takumi+ ETF is a series of The RBB Fund Trust, an SEC-registered investment company structured as a regulated investment company (RIC). The ETF is actively managed and provides investors with continuous liquidity during hours the markets are open through its exchange listing. SMTJ has a gross expense ratio of 2.01% and net expense ratio of 0.86% after waivers.

*Note: To achieve this result, the ETF’s adviser has contractually agreed to waive management fees and/or pay fund expenses until at least December 31, 2027.

About Synera Funds

Synera Funds is focused on developing investment solutions designed to provide investors with differentiated access to global investment opportunities. Through active management, fundamental research and systematic investment strategies, Synera Funds seeks to offer investment solutions designed for today’s evolving market environment.

For more information about the Synera Funds Takumi+ ETF, including the Fund’s prospectus and daily portfolio holdings, visit www.synerafunds.com.

About Millburn Ridgefield LLC

Millburn Ridgefield LLC is a leader in systematic managed futures and an innovator in the development of hybrid strategies. The firm has a legacy in managed futures and quantitative strategies dating back more than five decades, and currently manages more than $14 billion, as of October 1, 2026, in assets on behalf of a range of investors, from individuals and families through to some of the largest institutions in the world. For more information, visit www.millburn.com. 

About Sumitomo Mitsui Trust Asset Management Americas

Sumitomo Mitsui Trust Asset Management Americas, Inc. is the U.S.-based affiliate of Sumitomo Mitsui Trust Asset Management Co., Ltd., one of Japan’s leading institutional asset managers with $757 billion in assets under management as of August 31, 2026. “SuMi TRUST” is the international marketing name of Sumitomo Mitsui Trust Asset Management and the entities that fall within Sumitomo Mitsui Trust Group. For more information, visit www.us.sumitrust-am.com. 

About Twin Oak ETF Company

Twin Oak ETF Company is a $1.1B, as of September 30, 2026, asset management firm focused on structuring and delivering differentiated, tax aware investment strategies through the ETF format. The firm brings ETF infrastructure, and operational expertise, to the Synera Funds collaboration. For more information, visit www.twinoak.com.

Synera Funds Takumi+ ETF is distributed by Quasar Distributors, LLC.

All investments are subject to risks, including the possible loss of principal. There is no assurance that the objectives of any strategy or fund will be achieved or will be successful. The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns. ETFs are subject to specific risks, depending on the nature of the underlying strategy of the fund. For a complete description of the Fund’s principal investment risks, please refer to the prospectus.

For media inquires please contact Chip Bergstrom: cbergstrom@evergreen-communications.com

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SOURCE Twin Oak ETF Company

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Before You Take That Job or Stay Put, New Data Reveals if Women Actually Get Promoted There

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Free new database gives women X-ray vision into whether every major U.S. company promotes women equally — rankings from real workforce numbers.

ATLANTA, Oct. 7, 2026 /PRNewswire/ — Every working woman has asked herself the same quiet question: do women actually get ahead here? Until now, the only way to answer it was to take the job and wait years to find out. Now the answer takes about thirty seconds. Type nearly any major U.S. employer’s name into a free public site recently launched by data scientists and funded by the Women Leaders Association, and see its Glass Ceiling Score: a simple measure of whether women there rise into management and executive jobs at the same rate as men, calculated from the company’s actual workforce numbers — not its recruiting brochure.

Think of it as a Glassdoor for promotions. Before accepting an offer, before asking for a raise or a bigger role, before believing a Careers page that promises “women thrive here,” a woman can check what the numbers say — about the company courting her, and about the one she works for now. Women earn roughly 15 percent less than men on average, Pew Research estimates, and that gap usually starts with who gets picked for management. Pay gets measured constantly; promotion almost never — until now.

Two scores, built from the numbers companies cannot massage

By analyzing each employer’s workforce counts by gender and job title, the team developed two metrics:

The Glass Ceiling Score measures whether women advance into executive roles at the same rate as men.

The Management Entry Score measures whether women reach first-level management at comparable rates — the rung where research shows most careers stall.

Anyone can look up a company at no cost and see both scores, compare employers within an industry, and drill down by metro area and state, where the tool ranks the major employers in each market and highlights the top performers.

“Women have been told for fifty years to try harder, negotiate harder, and find a mentor. The missing piece was never effort — it was information,” said Lydia Price, 2026-2027 Volunteer Chair of the Women Leaders Association. “When a woman can compare how her employer advances women on average in comparison to men on average it changes the entire frame of reference, the conversation changes from trust us to show me.” The companies that excel in promoting women equally into management also receive Top Women’s Workplace awards at the chapter and national levels.

Who the data serves

Women entering the workforce or considering offers can identify employers with strong advancement records. Current employees can benchmark their own company and bring data to promotion and career-development conversations. Consumers and investors can direct support toward companies with fair practices, and corporate leaders can see — often for the first time — how their promotion patterns compare with competitors’.

Building on a decade of gender-equality research

The Glass Ceiling Score stands on the shoulders of a decade of important, groundbreaking work. The Economist’s influential Glass Ceiling Index (https://www.economist.com/interactive/graphic-detail/glass-ceiling-index) has put the issue on the global agenda by ranking conditions for working women annually — though at the country level, not by employer. The Bloomberg Gender-Equality Index (https://www.bloomberg.com/company/press/bloomberg-2023-gei/) helped set early standards for corporate transparency, tracking several hundred public companies that self-reported through voluntary disclosure. Forbes’ widely read Best Employers for Women list (https://www.forbes.com/lists/top-companies-women/) surveys employees at a few hundred large firms each year, and The Times and Business in the Community’s respected Top 50 Employers for Gender recognizes UK organizations that apply for consideration.

The Glass Ceiling Score builds from that and goes further on every dimension: it covers far more companies, publishes an individual score by company rather than a limited list of a few hundred, offers location-level drill-downs, and rests on unambiguous workforce statistics rather than surveys, self-disclosure, or applications. And because every score is computed directly from actual workforce data without remuneration, sponsorships, payments, and public relations cannot influence a company’s result — and no employer can opt out of being measured.

“Earlier indexes did pioneering work, but each could only cover the companies that participated or made a short list. We measured everyone,” Price said. “If an employer promotes women fairly, the data will celebrate it. If it doesn’t, the data will say that too — and for the first time, a woman gets to see it before she signs the offer letter.”

What comes next

The initial release covers most major U.S. employers, with expansion planned across Europe and Asia. Future versions will add deeper demographic analysis, including promotion-fairness scoring for women of color and other underrepresented groups. The project was funded by the Women Leaders and organizers expect additional women’s foundations and equal-pay philanthropists to support the effort, with the goal of keeping the platform permanently free to women worldwide.

The tool is available now at https://WomanLeaders.org/r/GlassCeiling

About the Women Leaders Association

The Women Leaders Association is a non-profit committed to the development and advancement of women in the corporate arena, with chapters in most major U.S. cities. The tool includes analysis by key metros and states, with rankings of the major employers in each, including Chicago, Philadelphia, New York, Boston, Denver, Washington, Dallas, Houston, San Diego, Los Angeles, Seattle, Charlotte, Minneapolis, Atlanta, Milwaukee, Cleveland, Nashville, Detroit, San Antonio, Cincinnati, Omaha, St. Louis, San Francisco, Salt Lake City, Indianapolis, Grand Rapids, Phoenix, Portland, Miami, Austin, Baltimore, Tampa, Orlando, Hartford, Raleigh, Louisville, Pittsburgh, Norfolk, Richmond, Kansas City, Las Vegas, Greensboro, Memphis, Oklahoma City, Columbus, Tulsa, Sacramento, Jacksonville, Birmingham, Albuquerque, Rochester, Boise, Knoxville, New Orleans, Buffalo, Baton Rouge, Charleston, Spokane, El Paso, Chattanooga, Little Rock, Greenville, Providence, Springfield, Honolulu, Madison, Columbia, Tucson, Stockton, Des Moines, Syracuse, Harrisburg, Jackson, Bakersfield, Akron, Wichita, and Augusta, plus most states including California, Texas, Florida, and New York.

Media Contact:

Lydia Price
2026-2027 Volunteer Chair, Women Leaders Association
Lydia@WomanLeaders.org 678-427-6771

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SOURCE Women Leaders Association

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Orca and Loopscale Merge to Build Capital Markets for AI and the Frontier Economy

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Operating as Formation, the combined team brings together two leading crypto platforms spanning trading, credit and vault infrastructure to expand access to capital across AI, robotics and other frontier industries.

NEW YORK, Oct. 7, 2026 /PRNewswire/ — Orca and Loopscale today announced their merger, bringing together Orca’s trading and liquidity infrastructure with Loopscale’s credit and vault infrastructure. The combined team will operate as Formation, led by Loopscale co-founder Luke Truitt as CEO. Formation aims to give emerging assets a path from issuance to financing and liquidity, while expanding the range of assets and strategies available to capital allocators. Both the Orca and Loopscale protocols will remain the foundation of the ORCA and xORCA token network. Formation will build new, unified capabilities across origination, vault strategies, and distribution, building on the existing protocols.

Closing the gap between capital and innovation

AI, energy, robotics and defense companies are driving a new wave of capital demand. Apollo estimates that nearly $3 trillion will be needed for AI infrastructure alone through 2028.

Many of the companies behind that demand do not fit neatly into traditional capital market boxes, where fixed underwriting, legal, servicing and distribution costs favor larger, standardized deals.

Formation broadens access to capital by reducing the cost and complexity of structuring, distributing and financing assets.

“The frontier economy is creating new business models and financing needs more rapidly than traditional market infrastructure is evolving to serve them,” said Luke Truitt, CEO of Formation. “Every major technological revolution has been paired with a financial one. We’re at an inflection point that requires capital markets to keep pace with the industries reshaping the economy.”

Built on proven infrastructure

Orca has processed more than $550 billion in trading volume since 2021. Loopscale has more than $150 million in deposits and has facilitated more than $2 billion in loans. Together, they bring a battle-tested platform and decade of operating history across trading, credit and vault strategies.

“Orca has spent years building deep liquidity, and we’ve seen firsthand that liquidity alone isn’t enough to scale an asset,” said Christopher Montagano, Chief Strategy & Legal Officer of Orca. “The greater challenge is building the credit and distribution those assets need to grow, and Orca and Loopscale built complementary pieces of that infrastructure. Together, we can give issuers a complete path from launch to long-term market adoption.”

Powering the next capital formation cycle

Formation is building across origination, issuance, liquidity, credit and distribution, with a path into regulated U.S. capital markets. Over the next 12 months, the team plans to introduce new tools for issuers and capital allocation strategies alongside its existing trading, lending and vault offerings.

Formation is already working with Figure, Shinhan Asset Management, Superstate, R3 and Securitize to bring new assets to market and expand distribution.

“Having originated over $30 billion of credit onchain and scaled tokenized products to more than $650 million in DeFi, we know how much high-quality distribution partners matter for growth,” said Reid Simon, President of Digital Assets at Figure Technology Solutions, Inc. “We’ve worked closely with both the Orca and Loopscale teams over the past year, and are excited by what the unification of trading, credit and vault strategies will unlock for tokenized asset growth.”

Formation’s leadership includes Luke Truitt as Chief Executive Officer, Mary Gooneratne as Chief Operating Officer, and Christopher Montagano as Chief Strategy & Legal Officer.

About Orca

Orca is a decentralized exchange on Solana, providing trading infrastructure for digital assets. Since 2021, it has processed more than $500 billion in trading volume. Learn more at orca.so.

About Loopscale

Loopscale is a credit and vault infrastructure platform with more than $150 million in deposits and over $2 billion in loans facilitated across a broad range of markets. Learn more at loopscale.com.

About Formation

Formation is building capital markets for the frontier economy. Established through the merger of Orca and Loopscale, it brings together trading, credit and capital allocation infrastructure. Learn more at formation.so and join the conversation on X.

Forward-Looking Statements

This release contains forward-looking statements, including regarding planned products and the expected benefits of the merger. Actual results may differ materially. Planned products are subject to applicable legal and regulatory requirements and may not be available in all jurisdictions or to U.S. persons. Nothing in this release is an offer to sell or a solicitation of an offer to buy any security or other financial product, or investment, legal or tax advice.

Media
press@formation.so

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SOURCE Orca Management Company S.A.

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Nuix Neo Generative AI Framework

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Governed, Enterprise-Grade Gen-AI Orchestration Layer for Unstructured Data Intelligence

SYDNEY, Oct. 7, 2026 /PRNewswire/ — Nuix (ASX: NXL) announces the Nuix Neo Generative AI (Gen AI) Framework, which directly addresses the governance, confidence, and auditability concerns that have limited the use of large language models (LLMs) and Gen AI in high-stakes legal, risk and investigation matters.

Nuix Neo’s Gen AI Framework is a governed orchestration layer for putting Gen AI to work on organisations’ structured and unstructured data, with the auditability, guardrails and cost control that enterprise use demands. It brings together audit-grade telemetry and policy-enforced guardrails to support evidentiary integrity and corporate usage controls for LLMs. It monitors and meters token usage to prevent runaway token costs as well as intelligently managing the context window to ground answers and strengthens the reliability of AI outputs.

The framework enables the responsible, auditable connection of a customer’s selected LLM to enterprise data that is forensically and defensibly curated by the Nuix Neo platform. The Nuix Neo platform leverages over 25 years of R&D to deliver forensic-grade processing of an organisation’s unstructured data and in doing so, provides a curated and forensically defensible data intelligence layer relied upon by hundreds of the world’s most high-profile and high-stakes organisations. The Nuix Neo Gen AI Framework leverages this data intelligence layer and further tailors the experience to operationalise the application of customers’ selected LLMs, for the kind of responsible and auditable application of Gen AI demanded by high-stakes organisations. 

Under the Nuix Neo Gen AI Framework, customers retain the flexibility to choose the LLM and provider that best suits their requirements, with that flexibility designed to support the customers’ choice of strategic goals, business objectives and innovation appetite. Nuix provides the governance framework that securely connects that model to the curated data intelligence layer delivered by the patented data processing engine in the Nuix Neo platform.

This enabled the LA County District Attorney’s Office, for example, to select the AI models best suited to their business and then seamlessly integrate them into their Nuix Neo workflows.

Powerful application of the Nuix Neo Gen AI Framework

The Nuix Neo Gen AI Framework supports the delivery of two powerful capabilities known as Nuix Neo BYO AI and the Nuix Neo AI Agent, both of which leverage the framework’s comprehensive enterprise–grade infrastructure to operationalise LLMs in a manner demanded by high-stakes organisations.

Nuix Neo BYO AI

Nuix Neo BYO AI leverages the Nuix Neo Gen AI Framework and further tailors it to enable thorough AI analysis across every item in a dataset. Rather than relying on other approaches that prioritise or sample subsets, it applies repeatable workflows to systematically processevery item and then crafts structured reports, with links back to source items and citations for rapid and forensically defensible action, all the while providing clarity and control over key issues like token usage.

“With Nuix Neo’s latest AI, we can move quickly to implement targeted solutions to digital evidence challenges and investigative bottlenecks, while satisfying our unique compliance needs. Being able to leverage the latest AI advancements while staying confined within our own environment is an accelerator,” said Donn Hoffman, Chief Privacy Officer and Deputy District Attorney at Los Angeles County District Attorney’s Office.

Nuix Neo Agentic AI

The Nuix Neo AI Agent, a conversational investigation capability built on the Gen AI Framework, is available for Early Adopter participants, via the Nuix Responsible Innovation Framework. The AI Agent extends the Nuix Neo platform, allowing analysts to interrogate their data with reasoning across text, metadata, and images, with access to the full power of Nuix’s APIs, including enhanced context from a curated knowledge graph, in a consistent, auditable way. The AI Agent is fully integrated into Nuix Neo, allowing analysts to follow any lead, in a fully managed, controlled and secured fashion.

In addition to Nuix Neo’s powerful data processing and deterministic AI capabilities, the Gen AI capabilities provide flexibility and choice to customers to apply the most appropriate tool for solving enterprise use cases. Like Nuix Neo BYO AI, the AI Agent operates on that curated, forensically processed dataset in the Nuix Neo platform. As with any Gen AI capability, outputs remain probabilistic and must be verified against source material and are intended to support, not replace, the judgement of qualified investigators, analysts, reviewers, and legal professionals.

Organisations interested in the Nuix Neo Responsible Innovation Framework program, or in seeing the Gen AI Framework in action, can contact their Nuix representative or visit nuix.com/nuix-neo for more information.

About Nuix
Nuix is a leading provider of investigative analytics and intelligence software, that empowers customers to be a force for good by finding truth in the digital world. We help customers collect, process and review large amounts of structured and unstructured data, making it searchable and actionable at scale and speed, with forensic accuracy.
For further information, please visit nuix.com

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SOURCE Nuix

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