Wednesday, 17 December 2014
Last updated 10 hours ago
Jul 14 2011 | 1:11pm ET
ProShares, an exchange traded funds provider with over $26 billion under management, has launched the Hedge Replication ETF.
ProShares says the aim of the new fund, which is based on Merrill Lynche’s hedge fund replication model, is to “provide the risk/return characteristics of a broad universe of hedge funds without many of the challenges of hedge fund investing.”
“Many portfolios could benefit from the risk/return characteristics of hedge funds, but investors often either can’t or don’t invest in hedge funds because of a variety of challenges,” said Michael L. Sapir, chairman and CEO of ProShare Advisors. “We are pleased to offer an ETF that addresses challenges of hedge fund investing and may be, for many investors, an attractive alternative to hedge funds.”
HDG is the third ETF in the company’s Alpha ProShares category, following the ProShares Credit Suisse 130/30 and the ProShares RAFI Long/Short.
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.