Philadelphia and New York, January 8, 2019 – iM Global Partner and Dynamic Beta investments (DBi) today announced the launch of the iMGP DBi Hedge Strategy ETF (DBEH), an actively-managed exchange traded fund (ETF) seeking to match or outperform the performance of the largest Global Equity Long/Short hedge funds.
The Fund’s objective is long-term capital appreciation by investing in multiple asset classes such as equities, fixed income and currencies through futures and forwards contracts.
The iMGP DBi Hedge Strategy ETF seeks to achieve its objective by utilizing an Equity Hedge strategy based on a proprietary quantitative model. The strategy, actively managed, seeks to deliver all or more of the pre-fee performance of Global Equity Long/Short hedge funds in a daily liquid ETF with reasonable fees.
Built on more than ten years of research and live performance, DBi’s proprietary investment strategy seeks to identify the main drivers of performance of a diversified pool of leading long/short equity hedge funds. Based on this analysis, DBi invests directly in long and short positions in the most liquid domestically traded futures contracts. By targeting the pre-fee performance of the largest Global Equity Long/Short hedge funds, the strategy seeks to deliver the lower risk profile of a diversified pool of hedge funds, but with reasonable fees.
The iMGP DBi Hedge Strategy ETF is the second Dynamic Beta investments product developed since iM Global Partner acquired a minority stake in DBi in the third quarter of 2018. The Fund is advised by iM Global Partner and is sub-advised by DBi. iM Global Partner’s experienced distribution team will introduce the Fund to a broad range of investors across wealth management, institutional and other channels.
Jeffrey Seeley, COO and Head of US Distribution of iM Global Partner, said: “iM Global Partner is delighted to continue to work with Dynamic Beta investments to bring another innovative alternative investment ETF to market in an easily accessible, affordable, and efficient solution. This is iM Global Partner and DBi’s 2nd Alternative ETF launch in 2019. The iMGP DBi Hedge Strategy ETF fills an important role for investors and further rounds out the alternative investment offerings already available on iM Global Partner’s multi-asset distribution platform.“
Andrew Beer and Mathias Mamou-Mani, both Managing Members of DBi, added: “iMGP DBi Hedge Strategy ETF exemplifies Dynamic Beta’s mission: minimize single manager risk, and provide investors with innovative alternative investment solutions with low fees and daily liquidity. Alternatives play a crucial role in minimizing risk and volatility, and we are happy to continue to work with iM Global Partner to provide investors with unique and useful investment vehicles.”
About the iMGP DBi Managed Futures Strategy ETF
|Advisor||iM Global Partner US|
|Subadvisor||Dynamic Beta investments|
|Fund Services||State Street|
|Primary Listing Exchange||NYSE|
About iM Global Partner
iM Global Partner is an innovative global multi-boutique platform based in Paris, London and Philadelphia. iM Global Partner partners with highly talented entrepreneurial asset management companies with the joint objective of accelerating their business growth supported by proprietary sales forces based in Europe and in the US.
iM Global Partner currently has strategic minority investments in five Partners:
Polen Capital: US and global growth equity manager
Dolan McEniry Capital Management: US credit fundamental value manager
Sirios Capital Management: US long short equity manager
Scharf Investments: US value equity manager
Dynamic Beta investments: Liquid alternatives manager
iM Global Partner represents assets under management of $11.7 billion (as of end of December 2019) in proportion to its participations. iM Global Partner’s strategic shareholders include Eurazeo, a leading European private equity investor, Amundi, the largest asset manager in Europe and Dassault/La Maison, a group of leading private shareholders. (www.imglobalpartner.com)
About Dynamic Beta investments
Dynamic Beta investments (formerly branded Beachhead Capital Management) is a New York-based hedge fund advisory firm. Dynamic Beta investments’ main liquid alternative strategies – equity hedge, managed futures and multi-asset/stable return – are designed to outperform actual hedge fund indices by targeting “pre-fee” hedge fund performance through liquid futures and ETFs. Dynamic Beta investments has published extensive research on hedge funds, liquid alternatives and smart beta1. (www.dynamicbeta.com).
Hewes Communications, New York
+ 1 212 207 9454
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Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
The Fund’s investment objectives, risks charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and it may be obtained by visiting imglobalpartner.com. Read it carefully before investing.
Investing involves risk. Principal loss is possible. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. The Fund is “non-diversified,” so it may invest a greater percentage of its assets in the securities of a single issuer. As a result, a decline in the value of an investment in a single issuer could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio.
The Fund should be considered highly leveraged and is suitable only for investors with high tolerance for investment risk. Futures contracts and forward contracts can be highly volatile, illiquid and difficult to value, and changes in the value of such instruments held directly or indirectly by the Fund may not correlate with the underlying instrument or reference assets, or the Fund’s other investments. Derivative instruments and futures contracts are subject to occasional rapid and substantial fluctuations. Taking a short position on a derivative instrument or security involves the risk of a theoretically unlimited increase in the value of the underlying instrument. Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. Exposure to foreign currencies subjects the Fund to the risk that those currencies will change in value relative to the U.S. Dollar. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. Fixed income securities, or derivatives based on fixed income securities, are subject to credit risk and interest rate risk.
The ETF’s gross expense ratio is 0.85%
1 Smart Beta is an index-based investment strategy that seeks to generate superior risk-adjusted returns through transparent quantitative techniques and rules-based criteria which are based on specific factors or attributes that drive investment returns.
Diversification does not assure a profit nor protect against loss in a declining market.
The iMGP DBi Managed Futures Strategy ETF is distributed by ALPS Distributors, LLC.