A former member of Bridgewater Associates, the largest hedge fund in the in the world, has announced their launch of new firm Unlimited Funds as well as an initial ETF offering. The fund will be called the Unlimited HFND Multi-Strategy Return Tracker ETF looking to offer similar results of the hedge fund industry. To do so the fund plans to use a machine algorithm that tracks different hedge fund styles over recent months and then creates a portfolio of 30 to 50 short and long ETF futures contracts.
ETF Newz Says:
The fund will offer a low-cost transparent way to invest in a hedge fund.