(Daily Alts) Highland Liquidates Trio of Hedge Fund Beta ETFsWhen Highland Capital Management launched a trio of “hedge fund beta” ETFs in May 2015, the three funds were supposed to be the first in a series that would include 14 more. But on April 11, 2016, less than a year after their initial launch, Highland liquidated all three:
Highland HFR Global ETF (HHFR)
Highland HFR Event Driven ETF (DRVN)
Highland HFR Equity Hedge ETF (HHDG)
The liquidation of the three funds brings the number of ETFs offered by Highland down to one, which is the $301 million Highland/iBoxx Senior Loan ETF (NYSEARCA:SNLN).
