ETF Tries to ‘Clone’ Hedge Fund Performance
January 08, 2013 at 13:03 PM EST
An ETF that debuted in late May of last year with a focus on delivering hedge fund like returns is AlphaClone Alternative Alpha ETF (NYSEArca: ALFA), expense ratio 0.95%. The fund tracks the proprietary AlphaClone Hedge Fund Long/Short Index, with the goal of scoring the ideas, holding by holding,...