Saturday, 20 September 2014
Last updated 19 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.