Five New Hedge Fund ETFs Planned

Apr 10 2012 | 1:05pm ET

A pair of exchange-traded fund issuers are set to launch hedge fund strategies relying on firms' quarterly holdings reports.

Global X Funds has filed for four such ETFs and First Trust for one with the Securities and Exchange Commission. The latter's Hedge Fund Manager Holdings Index Fund will track a Wells Fargo index that includes the 100 stocks most widely held by hedge funds based on Form 13F filings with the SEC.

New York-based Global X has a more ambitious plan, although three of its planned offerings will also invest in hedge fund holdings based on 13Fs. But two will focus on activist and value hedge fund managers, while another ETF will invest in publicly-listed hedge fund firms.

The Top Activist Investor Holdings ETF and Top Value Guru Holdings ETF will rely on benchmarks crafted by Structured Solutions. The former will base its holdings on the holdings reported by top activist hedge funds on their 13Fs, and the latter on the top value managers. Global X will also launch a fund tracking the holdings of the world's largest hedge funds.

A fourth fund will invest in listed hedge funds, based on a Structured Solutions index.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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