Highland Capital Management Launches Three ETFs to Expand Suite of Alternative Beta Products

Jun 1 2015 | 9:15am ET

Highland Capital Management Fund Advisors announced the launch of three new exchange-traded funds designed in collaboration with Hedge Fund Research. 

The funds will be the first of their kind to replicate aggregate hedge fund positions in an ETF and will trade on the New York Stock Exchange.

The three new ETFs represent Highland’s continued expansion of its alternative beta product suite and mark the first of 17 new ETFs for the firm. The three initial ETFs are:

  • Highland HFR Global ETF (NYSE:HHFR)
  • Highland HFR Event Driven ETF (NYSE:DRVN)
  • Highland HFR Equity Hedge ETF (NYSE:HHDG)

“The launch of these three ETFs further demonstrates Highland’s commitment to pursuing alternative beta solutions,” said Ethan Powell, Chief Product Strategist for Highland. “We believe that our collaboration with HFR on these new products illustrates Highland’s dedication to delivering tailored products to meet investor demands.”

The annoucement comes in conjunction with the recently launched Highland Alternative Investors platform.

“With more than $320 million already invested in our first ETF, SNLN, we believe there is market appetite for alternative income and uncorrelated alternative beta products that satisfy investors’ concerns over interest rate and equity volatility,” Powell said.

Highland Capital Management is an SEC-registered investment adviser which, together with its affiliates, has approximately $21 billion of assets under management. The firm was founded in 1993 by James Dondero and Mark Okada.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...