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
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