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Steve Cohen-Backed ETF Platform Is About To Break New Ground

TedTed
in The Bullpen
FYI: From helping to bring gold investing to the masses to devising ETFs for short-selling hedge funds, Hector McNeil has been at the vanguard of the passive revolution for the past 20 years.

Now, the 50-year old Yorkshireman is taking on the likes of BlackRock Inc. to shake up the industry in Europe. McNeil wants to fast-track the creation of passive products for wannabe issuers lacking in-house expertise or the stomach for execution risk through his firm HANetf, a white-label provider.


And he has a high-profile backer: the venture-capital arm of Steve Cohen’s Point72 Asset Management LP. A spokesman for the firm confirmed the investment, but declined to comment further.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-03/drones-weed-ai-exotic-etfs-could-sweep-europe-in-new-shake-up
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