global leader in the indexation, analysis and research of the global hedge fund industry
DALLAS–(BUSINESS WIRE)–Highland Capital Management Fund Advisors L.P. (“Highland”) announces the launch of three new exchange-traded funds (“ETFs”) that leverage the industry-leading indices and research from HFR (Hedge Fund Research, Inc.). The three ETF products designed in collaboration with HFR 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, with trading commencing today.
“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”
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The three new ETFs represent the firm’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: HEDG)
“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.”
In conjunction with the recently launched Highland Alternative Investors platform, the launch of these funds underscores Highland’s expanding efforts to offer differentiated strategies at a competitive price.
“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,” explained Powell.
“ETFs are a cost-effective option for investors looking to benefit from exposure to alternative investment strategies,” said Kenneth Heinz, President of HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. “We’re excited to combine HFR’s expertise in indexing and research with Highland’s experience in creating and marketing investment strategies to offer these innovative new investment products.”
About Highland Capital Management
Highland Capital Management, L.P. is an SEC-registered investment adviser which, together with its affiliates, has approximately $21 billion of assets under management. Founded in 1993 by James Dondero and Mark Okada, Highland is one of the largest and most experienced global alternatives, credit and equity managers and has been instrumental in providing alternative investment solutions for over 20 years. Highland invests across a variety of asset classes and structures within the alternative landscape including hedge funds, separate accounts, distressed and special situations private equity, collateralized loan obligations (CLOs), mutual funds and ETFs. Highland’s diversified client base includes wealth managers, public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Our firm is headquartered in Dallas, Texas and maintains offices in New York, São Paulo, Singapore, and Seoul.
Follow Highland on Twitter: @HighlandCapMgmt
HFR (Hedge Fund Research, Inc.) is the global leader in the alternative investment industry, specializing in the indexation and analysis of hedge funds. Established in 1992, HFR produces the HFRI, HFRX and HFRU Indices, the industry’s most widely used benchmarks of global hedge fund performance. HFR calculates over 100 indices of hedge fund performance ranging from industry-aggregate levels down to specific, niche areas of sub-strategy and regional investment focus. HFR Database, a comprehensive resource available for hedge fund investors, includes fund-level detail on historical performance and assets, as well as firm characteristics on both the broadest and most influential hedge fund managers. For the hedge fund industry’s leading investors and hedge fund managers, Hedge Fund Research is The Institutional Standard.
Follow HFR on Twitter: @HFRINC
Follow HFR on Weibo: @HFRASIA