Fri, Apr 18, 2014
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   |   
Banner
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. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably