MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 4, 2023 Harbor Completes a 2nd Fund-Conversion ETF Launch The team at a Midwestern subadvised fund firm has completed a second ETF conversion launch. The move expands the Illinois asset manager's ETF lineup to 14 actively managed funds and counting.
LSEQ is the successor fund to the Disciplined Alpha Onshore Fund LP, a hedge fund that launched on January 1, 2015. Today is the inception date for the new fund, which comes with an expense ratio of 170 basis points. Harbor serves as investment advisor to LSEQ. Boston-based Disciplined Alpha LLC, the general partner and investment manager of the new ETF's predecessor fund, will serve as subadvisor to LSEQ. Kevin Shea, CEO and portfolio manager at Disciplined Alpha, will serve as PM to the new ETF. The launch of LSEQ marks Harbor's second ever fund-to-ETF conversion, after one unveiled in March 2022. A spokesperson for Harbor notes that LSEQ's launch is a rare example "of a limited partnership being converted to an ETF." Gleich lauds Disciplined Alpha for the subadvisor's "creative and innovative research approach, systematic processes and disciplined implementation." "We're excited to be able to launch the Harbor Long-Short Equity ETF and provide clients with another active, concentrated and fully transparent option to consider for their portfolio construction," Gleich states. The transformed ETF's other service providers include: Ernst & Young LLP as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; and State Street Bank and Trust Company as custodian, dividend disbursing agent, and transfer agent. Printed from: MFWire.com/story.asp?s=66765 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
