Sun, Feb 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Philippe Cousteau Jr. and AdvisorShares develop first multi-manager ETF with absolute return and sustainable investment mandate

Tuesday, July 12, 2011
Opalesque Industry Update - Foundation to address pressing social and environmental issues

Social entrepreneur and environmental advocate Philippe Cousteau Jr. and AdvisorShares Investments, a sponsor of actively managed Exchange Traded Funds (ETFs), today announced a partnership to develop the AdvisorShares Global Echo ETF (NYSE: GIVE), which will bring the first multi-manager ETF with an absolute return and sustainable investment mandate to advisors and their clients. The Global Echo Foundation, a 501(c)(3) charitable foundation co-founded by Philippe Cousteau Jr., will provide funding solutions to many of the challenges facing the world community from social issues impacting women and children to environmental conservation, as well as supporting social entrepeneurship. The Global Echo Foundation will be funded through a portion of the Global Echo ETF management fee.

“Through my work with individuals and organizations around the globe, I’ve seen an opportunity and a need for creative solutions to the global challenges we face. It is critical that we find innovative models for the financial market that create positive impact for investors, and the world, beyond financial returns. By employing a blended model of strategic investment and sustainable philanthropy, we now have the opportunity to create a financial instrument that will help drive resources to solving some of the world’s biggest challenges,” said Cousteau, Co-founder and Chairman, Global Echo Foundation.

Noah Hamman, CEO and Founder of AdvisorShares, said, “This is a wonderful opportunity for us to provide an innovative solution to support the earth, the environment and the social challenges we face. We feel that partnering with Philippe Cousteau Jr. and his Foundation is the perfect opportunity for us to give a practical option for the average investor to make a difference with their investment capital without having to give it away.”

(press release)

AdvisorShares is one of the leading providers of actively managed ETFs. As of 07/01/2011 AdvisorShares offers 10 active ETFs with over $360,000,000 of assets under management, including:

Alternative Strategies

Core Tactical Strategies
Dent Tactical ETF (NYSE: DENT)
Cambria Global Tactical ETF (NYSE: GTAA)
Meidell Tactical Advantage ETF (NYSE: MATH)

Core Long/Short Strategies
Mars Hill Global Relative Value ETF (NYSE: GRV)

Core Short Strategies
Active Bear ETF (NYSE: HDGE)

Core Domestic Strategies
Madrona Domestic ETF (NYSE: FWDD)

Core International Strategies
WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR)
Madrona International ETF (NYSE: FWDI)

Income Strategies
Peritus High Yield ETF (NYSE: HYLD)
Madrona Global Bond ETF (NYSE: FWDB)

About Philippe Cousteau Jr.

Explorer, social entrepreneur and environmental advocate, Philippe Cousteau Jr. is the 31-year-old son of Jan and Philippe Cousteau Sr., and the grandson of Captain Jacques-Yves Cousteau. As a member of the legendary family, Philippe is continuing the work of his father through EarthEcho International (www.earthecho.org), the non-profit organization he founded with his sister and mother and of which he serves as CEO. His goal is to engage and empower people to take action for a brighter future.

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012

  2. Investing - Hedge funds continue to chase the herd in record Momentum wager, Marshall Wace bets grocer Sainsbury may need rights offering, Hedge fund net exposure has started to retreat, David Tepper's Appaloosa fund makes a huge buy, The 10,000-mile journey to Short Australia, Skeptical hedge fund investors grill Evan Spiegel about Snap's I.P.O.[more]

    Hedge funds continue to chase the herd in record Momentum wager From Bloomberg.com: Hedge funds can't get enough of momentum - even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, h

  3. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  4. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  5. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl