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Komfie Manalo, Opalesque Asia:

Investment adviser Highland Capital Management Fund Advisors has announced the launch of three new exchange-traded funds that leverage the indices and research from Hedge Fund Research.

In a statement, the company said that the three ETF products designed in collaboration with HFR will be the first of their kind to replicate aggregate hedge fund positions in an ETF and will trade on the New York Stock Exchange, with trading commencing on Tuesday.

The three new ETFs represent the firm’s continued expansion of its alternative beta product suite and mark the first of 17 new ETFs for the firm. The three initial ETFs are:

- Highland HFR Global ETF - Highland HFR Event Driven ETF - Highland HFR Equity Hedge ETF

"The launch of these three ETFs further demonstrates Highland’s commitment to pursuing alternative beta solutions," said Ethan Powell, chief product strategist for Highland. "We believe that our collaboration with HFR on these new products illustrates Highland’s dedication to delivering tailored products to meet investor demands."

In conjunction with the recently launched Highland Alternative Investors platform, the launch of these funds underscores Highland’s expanding efforts......................

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