Wed, Sep 28, 2016
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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style