Friday, 25 July 2014
Last updated 1 hour ago
Aug 8 2012 | 9:07am ET
Another hedge fund exchange-traded fund makes its debut today on the New York Stock Exchange.
AdvisorShares’ QAM Equity Hedge ETF will be actively managed to “exceed the risk-adjusted performance of approximately 50% of the long/short equity hedge fund universe as defined by the constituents of the HFRI Equity Hedge (Total) Index,” the firm said. The new fund will be managed by Akos Beleznay and Kurt Voldeng; Memphis, Tenn.-based Commerce Asset Management serves as sub-advisor.
In addition to its exposure to the HFRI index, CAM will bring its own proprietary research to bear on the fund.
“We’re excited about our partnership with CAM and bringing QEH to market, providing an alternative strategy and expected return stream that was previously beyond the reach of an average investor but now available with the transparency and liquidity of an actively managed ETF,” Noah Hamman, AdvisorShares’ CEO, said. “Experienced hedge fund managers, represented in this Index that QEH seeks to outperform, are difficult to get access to and a challenge to deal with regarding liquidity, transparency and tax treatment. In utilizing CAM’s extensive network and knowledge within the hedge fund universe, we feel QEH offers a core alternative solution that investors could use to further diversify their portfolio, which a 20-30% allocation to core alternatives can help bring true diversification to investors’ asset allocation.”
The ETF will trade under the ticker symbol QEH.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…