A $1.6 Billion Quant ETF Pivots to Huge Oil Bet as Adviser Exits
A $1.6 billion trend-following ETF has had its outside adviser and both portfolio managers depart amid a prolonged shake-up that has seen the fund build an unusually large oil position.
By Justina Lee · Bloomberg Markets
A $1.6 billion trend-following ETF has had its outside adviser and both portfolio managers depart amid a prolonged shake-up that has seen the fund build an unusually large oil position.