LOS ANGELES & NEW YORK--(BUSINESS WIRE)--iM Global Partner (iMGP), a worldwide asset management network, and Dynamic Beta investments (DBi), a New York-based hedge fund advisory firm and asset manager, announced today that DBi has crossed $2 billion in assets under management (AUM). Dynamic Beta investments is a Partner of iM Global Partner since 2018.
“We are gratified to see DBi reach this significant milestone,” said Andrew Beer, Managing Member of DBi. “Our products provide investors with accessible, diversified, uncorrelated, low-fee exposure to hedge fund replication strategies, and we are optimistic that more and more investors and advisors will see the value of this exposure. Managed futures, for example, is an asset class whose long-term viability has been proven yet again over the last year’s volatile and unforgiving markets, especially through vehicles like iMGP DBi Managed Futures Strategy ETF (DBMF), which is inexpensive and eliminates single-manager risk.”
iMGP DBi Managed Futures Strategy ETF (DBMF), which launched on May 8, 2019, has grown from $60 million at start of 2022 to the largest Managed Futures ETF in the industry at over $1 billion as of October 13th. DBMF seeks to replicate the pre-fee performance of a proprietary universe of leading managed futures hedge funds and outperform through fee/expense disintermediation.
iMGP DBi Hedge Strategy ETF (DBEH), which seeks to replicate the pre-fee returns of a proprietary universe of leading equity long/short hedge funds to deliver equity-like returns over time with less risk, will reach its three-year anniversary on December 17, 2022.
Both DBEH and DBMF are advised by iM Global Partner and sub-advised by DBi.
“Dynamic Beta investments’ strategies continue to gain traction with diverse client segments in the US including advisors, institutions, and consultants by demonstrating the benefits of replication and disintermediation of fees,” said Jeffrey Seeley, CEO of iM Global Partner US. “DBi is known as one of the most innovative managers in the liquid alternatives space, and we are pleased to continue to host DBi’s products on iM Global Partner’s multi-asset distribution platform. We look forward to working with them and our other U.S. Partners to bring more differentiated investment vehicles to market.”
About the iMGP DBi Managed Futures Strategy ETF
Ticker |
DBMF |
CUSIP |
53700T827 |
ISIN code |
US53700T8273 |
Advisor |
iM Global Partner Fund Management |
Subadvisor |
Dynamic Beta investments |
Fund Services |
State Street Bank |
Distributor |
ALPS Distributors |
Primary Listing Exchange |
NYSE |
About the iMGP DBi Hedge Strategy ETF (DBEH)
Ticker |
DBEH |
CUSIP |
56170L828 |
ISIN code |
US5617L8283 |
Advisor |
iM Global Partner Fund Management |
Subadvisor |
Dynamic Beta investments |
Fund Services |
State Street Bank |
Distributor |
ALPS Distributors |
Primary Listing Exchange |
NYSE |
About iM Global Partner
iM Global Partner is a worldwide asset management network. It selects and builds long-term partnerships with talented and independent asset management companies through direct capital ownership. iM Global Partner is present in 12 locations across Europe and the United States and provides its clients with access to the best management strategies of its Partners. It represents around US$34 billion of assets under management as of end August 2022. (www.imglobalpartner.com)
About Dynamic Beta investments (DBi)
Dynamic Beta investments is a New York-based hedge fund advisory firm run by Andrew Beer and Mathias Mamou-Mani. DBi’s main strategies – managed futures, equity hedge and multi-strategy – seek to outperform diversified pools of hedge funds by replicating “pre-fee” performance with liquid futures contracts, and hence outperform through “fee disintermediation.” DBi manages two ETFs in the US, three UCITS funds in Europe, a fund for Japanese investors and other vehicles. DBi has published extensive research on hedge funds, liquid alternatives and related topics. (www.dynamicbeta.com)
Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
The Fund’s investment objectives, risks charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and it may be obtained by visiting imglobalpartner.com. Read it carefully before investing.
Investing involves risk. Principal loss is possible. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. The Fund is “non-diversified,” so it may invest a greater percentage of its assets in the securities of a single issuer. As a result, a decline in the value of an investment in a single issuer could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio.
The Fund should be considered highly leveraged and is suitable only for investors with high tolerance for investment risk. Futures contracts and forward contracts can be highly volatile, illiquid and difficult to value, and changes in the value of such instruments held directly or indirectly by the Fund may not correlate with the underlying instrument or reference assets, or the Fund’s other investments. Derivative instruments and futures contracts are subject to occasional rapid and substantial fluctuations. Taking a short position on a derivative instrument or security involves the risk of a theoretically unlimited increase in the value of the underlying instrument. Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. Exposure to foreign currencies subjects the Fund to the risk that those currencies will change in value relative to the U.S. Dollar. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. Fixed income securities, or derivatives based on fixed income securities, are subject to credit risk and interest rate risk.
The ETF’s gross expense ratio is 0.85%
1 Liquidity refers to shares of the Fund, not its holdings.
2 The Fund is a “non-diversified” ETF but seeks to achieve its objective by utilizing a Managed Futures strategy. Managed Futures are not correlated to traditional asset classes like equities and fixed income, SG CTA Index correlation to MSCI ACWI ND Index is 0.10 (equities) while SG CTA Index correlation to Bloomberg Barclays Global Aggregate Index is 0.27 (fixed income) over a 10-year period as of end of April 2019, thus providing valuable diversification benefits.
Diversification does not assure a profit nor protect against loss in a declining market.
The iMGP DBi Managed Futures Strategy ETF is distributed by ALPS Distributors, LLC.