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Wednesday, November 06, 2013

Former Hedgers Join the Cult of Indexing

News summary by MFWire's editors

Welcome to the Church of Indexing.

A growing number of hedge funders are embracing indexing and ETFs, either buying them or their funds, or switching career to become managers of these products, reports IndexUniverse.

For example, the article notes former New Star hedger Alan Miller, who is now manager of a fund of ETFs at SCM Private. Also, former Long Term Capital Management partner Victor Haghani now looks after a $200 million portfolio of index funds and ETFs, Elm Partners, according to the publication.

For more on who made the switch, and their various reasons, turn to IndexUniverse

Edited by: Tommy Fernandez


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