DoubleLine has entered into a licensing agreement with Precidian Investments, LLC. (Precidian) to use ActiveShares®, Precidian’s proprietary actively managed exchange-traded funds (ETFs) structure. The ActiveShares® methodology will allow DoubleLine to deliver actively managed investment strategies via ETF vehicles without disclosing holdings on a daily basis. “At DoubleLine, we continually review...
First Manhattan Co. Announces Agreement With Precidian Investments, LLC
NEW YORK--(BUSINESS WIRE)--First Manhattan Co., an independently owned and operated investment advisory and wealth planning firm, today announced that it has entered into an agreement to license ActiveShares®, the proprietary actively managed exchanged-traded fund structure from Precidian Investments, LLC. The Precidian model enables a company to deliver actively managed investment...
Precidian Paves the Way for Non-transparent Active ETFs
Since 2014, Precidian Investments has sought Securities and Exchange Commission (SEC) approval for a new kind of active exchange-traded fund (ETF) that does not disclose its daily holdings. No longer. Taken from: Brown Brothers Harriman's Exchange Thoughts ETF Newsletter by Shawn McNinch, Ryan Sullivan and Alison Flores. On May 20, the...