Tuesday, 28 April 2015
Last updated 2 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…