Wednesday, 25 November 2015
Last updated 1 hour 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."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…