Three Years, $16MM In AUM
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Tuesday, January 10, 2023

Three Years, $16MM In AUM

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) reached 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 [profile]) 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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