Sun, Jan 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Horizons ETFs launches the worlds first black swan ETFs

Monday, June 04, 2012

amb
Dr. Nassim Nicholas Taleb
Bailey McCann, Opalesque New York: Horizons Exchange Traded Funds Inc. and its affiliate AlphaPro Management Inc. have launched two new exchange traded funds (ETFs) that give retail investors the opportunity to hedge against black swan events. Horizons Universa Canadian Black Swan ETF and the Horizons Universa US Black Swan ETF are the first ETFs to be launched that pair a tail risk hedge with an equity index investment.

The ETFs have already launched on the Toronto Stock Exchange. Universa Investments L.P. will sub-advise the Black Swan ETFs and employ its proprietary portfolio protection strategies. Universa is an investment management firm that specializes in convex tail hedging and investing. Universa was founded in 2007 by Mark Spitznagel, its Chief Investment Officer, with over a decade of implementation and development of its focused, positive asymmetric investment approach. Universa's Senior Scientific Advisor, Dr. Nassim Nicholas Taleb, is considered the premier specialist of rare events ("Black Swans") and has had a working relationship with Universa since its inception.

As it relates to stock investing, a Black Swan event refers to sudden and unpredictable events that have widespread systemic impact like the one witnessed during the financial crisis in 2008. Dr. Taleb, who coined the term "Black Swan", has argued that Black Swan events happen far more freq......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised