Fund.com, Inc. (FNDM.OB) Subsidiary AdvisorShares Pioneers Actively Managed Long/Short ETFs
Fund.com, Inc., www.fund.com, announced today that majority-owned subsidiary AdvisorShares Investments, LLC www.advisorshares.com – which offers a turnkey platform that leverages actively managed ETFs, launched its first actively managed long/short ETF - the Mars Hill Global Relative Value ETF (GRV). A first of its kind, GRV is an actively managed long/short ETF which utilizes the “Relative Value” methodology engineered by sub-advisor Mars Hill Partners, LLC (SEC-registered affiliate of Huntley Thatcher Ellsworth, Ltd.). Unprecedented capitalization on the spread between long and short positions, with enhanced resistance to both downside volatility and global equity market influence, makes the essential long/short structure very attractive.…