“For any investment manager that wants to get into the space and doesn’t want to spend a few million bucks and wait three years to get involved, we’re going to build the necessary infrastructure and have it all available for them,” Sam Masucci, head of the new Gencap firm, said, reports Olly Ludwig for IndexUniverse. “We are building the most complete and comprehensive ETF product and services platform.”
The company will use the pre-existing regulatory permission acquired by FactorShares for both 1933 Act funds, which cover the futures-based ETFs, and passively managed 1940 Act funds to provide a launching platform for new fund ideas.
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.
