Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AdvisorShares Turns to Laif Meidell Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 28, 2012

AdvisorShares Turns to Laif Meidell

Reported by Fabrice Charles

AdvisorShares [profile] has recently made efforts to restructure their partnership with Dent Tactical ETF (DENT). With the approval of the reorganization plan on May 21, 2012, DENT remains a partner.

DENT's role, however, now concentrates on providing research resources and commentary on AdvisorShares' advisory base.

The ETF holds just $6.7 million in AUM, according to data collected by Morningstar.

Noah Hamman explained that the change came "After a thorough review with the portfolio management teams of DENT and MATH."

Rodney Johnson, president of HS Dent Investment Management, stated:

"We greatly appreciate the opportunity to have teamed up with AdvisorShares and believe this transition will allow shareholders to access to a desirable alternative investment solution. After observing MATH's performance ... we believe American Wealth Management's quantitative tactical methodology could benefit DENT shareholders very well."

DENT's portfolio management team has resigned as subadvisors to the mutual fund on June 2nd.

At that time Laif Meidell, president of American Wealth Management, assumed the interim manager portfolio manager position.

With shareholder approval, Meidell will serve as the portfolio manager. The mutual fund will be rebranded as AdvisorShares MATH as soon as September 7th.


Company Press Release

AdvisorShares Announces Reorganization of Dent Tactical ETF (DENT) into Meidell Tactical Advantage ETF (MATH)

BETHESDA, Md. — May 21, 2012 -- AdvisorShares, a leading sponsor of actively managed Exchange Traded Funds (ETFs), announced today that the AdvisorShares Dent Tactical ETF (NYSE: DENT) will be reorganized into the AdvisorShares Meidell Tactical Advantage ETF (NYSE: MATH). The AdvisorShares Trust Board of Trustees approved the plan of reorganization effective May 21, 2012. DENT’s portfolio management team will resign, effective June 2, 2012, and Laif Meidell, President of American Wealth Management, will act as the interim portfolio manager. Pending shareholder approval, it is planned that the reorganization could be effective on or after September 7, 2012, with the Fund retaining the name of the AdvisorShares Meidell Tactical Advantage ETF (NYSE: MATH) and Meidell serving as the portfolio manager.

Noah Hamman, CEO of AdvisorShares, said, “It’s our mission to excel not only through our innovative actively managed ETF suite but also in how we service and communicate to our shareholders, guiding them to achieve the financial goals they seek. After a thorough review with the portfolio management teams of DENT and MATH, our collective conclusion is reorganization is in the best interest of all parties involved, and that the quantitative tactical methodology provided by American Wealth Management is a more advantageous investment solution to shareholders. We also look forward to continuing a productive working relationship with HS Dent Investment Management by utilizing their exceptional demographic and economic research capabilities for commentary to our advisor base.”

“We are excited to continue our partnership with AdvisorShares and look forward to the opportunity of supporting additional shareholders,” said Meidell. “Since MATH’s inception nearly a year ago, we are pleased with the performance our quantitative tactical strategy has exhibited. We expect shareholders may benefit from MATH’s ability to take advantage of changes in the economy to determine our asset allocation, as well in how we provide consistent and transparent communication of the portfolio management explaining our investment perspective.”

Rodney Johnson, President of HS Dent Investment Management said, “We greatly appreciate the opportunity to have teamed with AdvisorShares and believe this transition will allow shareholders access to a desirable alternative investment solution. After observing MATH’s performance and reviewing its investment strategy, we believe American Wealth Management’s quantitative tactical methodology could benefit DENT shareholders very well. We look forward to continue our relationship with AdvisorShares by providing strategic research resources that we believe will be instrumental to the growth of both our firms moving forward.”
 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  2. ICI webinar - The Digital Future of Asset Management: Current State and Regulatory Landscape, July 10
  3. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - ETF Conversions, July 17
  8. MFDF Director Discussion Series - Open Forum (New York), July 22
  9. MFDF Ask Anything webinar - AI Edition, July 24
  10. MFDF webinar - Use of Derivatives by RICs, July 29
  11. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  12. Samfund Soiree Boston 2025, August 21
  13. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  14. ICI ETF Conference, Sep 8-10
  15. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  16. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  17. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  18. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  19. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  20. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  21. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  22. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  23. 10th annual Fuse Forum, October 8
  24. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  25. 2025 MMI Annual Conference, Oct 15-17
  26. MFDF webinar - Series Trust Funds - Effective Board Relationships with Advisers, October 15




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use