Thursday, 18 December 2014
Last updated 7 min 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."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.