Our Team

Frank J Codey

Chief Operating Officer
Frank spent 21 years at Bear Stearns running the Fixed Income Prime Brokerage business, and then ran the combined businesses of each firm during the merger with JP Morgan. After leaving JP Morgan, Frank was the Chief Operating Officer at Equinox Funds Management, an advisor to alternative strategy mutual funds, and was President of their distribution brokerdealer, Equinox Group Distributors. As an independent consultant, Frank has advised global banks, broker-dealers, RIAs, and technology service companies in the areas of clearing and operations, business acceleration, and data analytics. Frank has developed and distributed several financial technology applications and tools associated with fixed income trading services, sales segmentation and distribution, and Robotic Process Automation (RPA). Frank holds a BS in Business with a Finance concentration from Boston University, and a Master of Science in Analytics degree from Villanova University, where he is also an Advisory Council member at the Center for Business Analytics.

Thomas E Deegan

Chief Executive Officer
Tom is the CEO and Founder of Clearshares, LLC. In addition to directing firm-wide strategy, he has been the key architect of the firm’s innovative investment solutions for investors in the ETF market. Tom started his career in the defense industry, and prior to founding Clearshares, he served as Chief Operating Officer of Clearbrook, LLC, a financial advisory firm. As Chief Information Officer for Long-Term Capital Management (LTCM), he had responsibility for all data, technology, and site activities across offices in Greenwich (US), London and Tokyo. After his tenure at LTCM, Tom was a Founding Partner and Chief Operating Officer at GlobeOp Financial Services, a provider of outsourced middle, back-office and fund administration services for the hedge fund community, which is now part of SS&C Technologies. He is active in his local community and participates on several non-profit Boards. Tom received a Bachelor of Engineering from Manhattan College and an MBA from Iona College.

OCIO ETF Investment Team


The ClearShares' OCIO ETF investment team has multi-market cycle, multi-asset class experience, including a track record in alternative investments.

Brian Lockwood, CFA

  • 20+ years experience in the securities industry
  • Portrfolio Manager, Piton Investment Management
  • Sr Portfolio Manager, HSBC
  • Fixed Income Manager, Ramius Capital Group
  • Fixed Income Manager, DLJ / Credit Suisse Asset Management
  • EDUCATION:
    • Villanova University, B.A. 
  • Chartered Financial Analyst
  • New York Society of Security Analysts (NYSSA) 

Dan Hughey, CFA

  • Portrfolio Manager, Piton Investment Management
  • Portfolio Manager, HSBC
  • EDUCATION:
    • Hofstra University, B.B.A. in Finance (magna cum laude)
  • Chartered Financial Analyst

OPER ETF Investment Team


The ClearShares' OPER ETF investment team has multi-market cycle, multi-asset class experience, including alternative investments.

James Fortescue - Portfolio Manager

  • Founding Partner, Piton Investment Management
  • Chief Operating Officer, Annaly Capital Management
  • Director, RCAP Securities (FINRA Regulated Broker Dealer)
  • Director, Shannon Funding LLC (Warehouse Lending Company
  • EDUCATION:
    • Siena College, B.S. in Finance
    • New York Institute of Finance,  Mortgage Backed Securities Studies
  • Federal Reserve Bank of New York - Financial Stability Board Panel
  • US Treasury & Risk Management Association Securities Lending & Borrowing Legal & Regulatory Round Table - Markets Stability Panel

Frank Codey - Portfolio Manager

  • 30+ years experience in the securities industry
  • President, Equinox Group Distributors
  • Chief Operating Officer, Equinox Fund Management
  • Director of Operations, Funding, & Risk, Braver Stern Securities
  • Executive Director & Product Manager, Fixed Income Securities Prime Brokerage, JP Morgan.
  • Senior Managing Director,  Bear Stearns & Co. Fixed Income Prime Brokerage, specializing in mortgage and structured products.
  • EDUCATION:
    • Boston University, B.S. in Business, Finance concentration
    • Villanova University, M.S. in Analytics 
  • The Center for Business Analytics, Villanova University - Advisory Council
  • Accordo Compliance Solutions - Advisory Board

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by clicking here for OCIO and here for OPER. Please read the prospectus carefully before you invest.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns. Additional risks include, but are not limited to, investments in debt securities including high yield and mortgage and asset backed securities, foreign and emerging markets securities, REITs, MLPs, small-and mid-cap securities, and investment in other ETFs. The fund invests in other investment companies and bears it proportionate share of fees and expenses of other investment companies. Please refer to the prospectus for additional risks of investing in the fund.

References to other mutual funds should not be considered an offer to buy or sell those securities.

The ClearShares OCIO ETF and OPER ETF are distributed by Quasar Distributors, LLC. ClearShares LLC. is an independently owned and operated investment advisor.