With $30 million and four liquid alternative ETFs now under its belt, QuantShares is looking to grow. Its game plan? Expand distribution and launch new funds.
To that end, the liquid alternative ETF shop's investment advisor, FFCM, LLC, has hired Berkshire Capital Securities, LLC, to find FFCM a strategic partner to help with the distribution and marketing of its ETFs.
"We have good product, we want to partner up with someone who has the distribution to grow these funds," FFCM chief executive officer Bill DeRoche told Money Management Executive. "It was a build it or buy it question, and it made sense for us to buy."
"There are a lot of companies that are trying to get into liquid alternatives, so we can help jump start it for them," he added.
QuantShares has also filed to launch two absolute return strategies and four long-only factor-based funds for a total of six new funds. The absolute return funds are the QuantShares U.S. Dividend Income Absolute Return and QuantShares U.S. Low Beta Absolute Return funds. The long-only funds are the QuantShares U.S. Low Beta, QuantShares U.S. Relative Value, QuantShares U.S. High Quality and QuantShares U.S. High Momentum funds.
QuantShares existing four strategies include three absolute return and one hedging funds. The funds are all market and sector neutral, and provide low or negative correlation to the equity market.