Thursday, 25 December 2014
Last updated 1 day ago
Jul 29 2010 | 12:33pm ET
Exchange-traded fund house AdvisorShares has launched a long/short ETF managed by hedge fund Mars Hill Partners.
The Mars Hill Global Relative Value ETF debuted on the New York Stock Exchange earlier this month. Bethesda, Md.-based AdvisorShares said it was “the industry’s first actively-managed long/short ETF.”
“We are very excited to partner with AdvisorShares to package and launch GRV given the underlying merits of our long/short investment strategy when combined with the daily liquidity, fully transparent and tax efficiency benefits of an NYSE-listed ETF,” Mars Hill founder Jason Huntley said. “Historically, strategies like ours have been accessible primarily through separate accounts or private hedge funds, neither of which offers anywhere near the benefits of the ETF package which includes transparency.”
The new ETF invests in ETFs covering countries, sectors and industries deemed most attractive by Mars Hill. It then puts an equal amount of money into shorting what the firm sees as the least attractive countries, sectors and industries.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.