Wednesday, 6 May 2015
Last updated 2 hours ago
Oct 29 2013 | 7:44am ET
Global X Funds has shaved a few syllables from the name of its flagship hedge-fund replication exchange-traded fund as it prepares to roll out a couple of new ones.
The New York-based firm's Global X Top Guru Index Holdings Index Fund is now known simply as the Global X Guru Index ETF. The year-and-a-half-old fund seeks to replicate hedge fund returns by investing in stocks held by prominent managers as disclosed in their Form 13F filings—but it's done a good deal better this year, returning 39.3% while the average hedge fund is mired in the high single digits.
The same strategy is set to become available in more granular form, as Global X prepares to roll out the Guru Value Index ETF and Guru Activist Index ETF.
The Global X Top Guru ETF trades under the ticker symbol "GURU."
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…