IndexUniverse.com – The New York-based ETF provider today filed papers with the Securities & Exchange Commission for three actively managed ETFs: the WisdomTree Real Return Fund, the WisdomTree Managed Futures Fund and the WisdomTree Long-Short Fund.

The Long-Short fund will pair positions in WisdomTree’s own dividend and profits-weighted ETFs against positions in comparable cap-weighted ETFs. The filing notes that WisdomTree’s fundamentally weighted ETFs “have the potential to outperform” traditional cap-weighted indexes, and this fund aims to capitalize on that potential. The Long-Short fund will be market neutral, holding equal long and short positions, aiming to deliver consistent returns regardless of market direction.

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West Palm Beach (HedgeCo.net) – Renaissance Institutional Futures, a $3 billion futures fund run by hedge fund management company, Renaissance Technologies, has waived all it’s management fees for 2009, even if the fund delivers good results in 2009, according to the Wall Street Journal.

Renaissance told investors in a end-of-year letter that the futures fund was waiving it’s 1% fixed management fee following poor performance in 2008. The discount is estimated by the Journal to save investors $30 million.

Renaissance Technologies was started in 1982 by James Simons, Renaissance currently has approximately $20 billion in assets under management. The company operates in East Setauket, Long Island, New York, near Stony Brook University. Administrative functions are handled out of offices in Manhattan.

Alex Akesson

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