A multinational, multi-boutique asset manager's team is celebrating a big milestone for an actively managed, subadvised ETF.
| Jeffrey Kent "Jeff" Seeley|
iM Global Partner
Deputy CEO, Head of U.S.
Last month, the iMGP DBi Hedge Strategy ETF
(DBEH on the NYSE
its third anniversary
. The active, managed futures fund's inception date was December 17, 2019, and it had $16.073 million in AUM as of September 30, 2022.
DBEH is a series of the Litman Gregory Funds Trust
. It comes with an expense ratio of 85 basis points. Litman Gregory Fund Advisors, LLC (an affiliate of iM Global Partner US LLC
]) serves as the fund's investment advisor, and Dynamic Beta Investments, LLC
serves as subadvisor. Andrew Beer
and Mathias Mamou-Mani
, managing members of Dynamic Beta, PM the fund.
DBEH's third birthday came two months its sister fund, DMBF, crossed
into ten-figure territory. Mamou-Mani and Beer also PM that fund.
Beer describes DBEH as demonstrating "the potential to outperform a diversified pool of institutional-quality equity long/short hedge funds but with all the client-friendly features of an ETF."
"Since inception, DBEH has delivered on the promise of equity long-short investing: approximately three quarters of the return of the S&P 500 with half the drawdowns," Mamou-Mani states.
"ETF allocators remain underinvested in hedge fund strategies for a good reason: most hedge fund strategies simply don't work well in the ETF structure," states Jeff Seeley
, CEO of iM Global Partner US. "With DBMF and DBEH, we hope to change that."
DBEH's other service providers include: ALPS Distributors, Inc.
as distributor; Cohen & Company, Ltd.
as independent accounting firm; Paul Hastings LLP
as counsel; and State Street Bank and Trust Company
as accounting services agent, administrator, custodian, securities lending agent, and transfer agent.
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