Recon Capital Partners to Launch New ETF Platform
15 Septiembre 2015 - 8:05AM
Business Wire
Hires Industry Consulting Firm Global ETF
Advisors to Assist in Managing the Project
In an effort to develop and enhance its single-point-solution
exchange traded fund (ETF) platform, Recon Capital Partners has
turned to consulting firm Global ETF Advisors, led by industry
veteran Richard Keary.
Mr. Keary previously served as an independent trustee of Recon
Capital Partners, the innovative ETF issuer behind the Nasdaq 100
Covered Call ETF (QYLD), the DAX Germany ETF (DAX) and the FTSE 100
ETF (UK). In his new role as a consultant to Recon Capital
Partners, he will be responsible for building out the firm’s
solution for investment managers looking to launch their own
branded ETFs while utilizing the operational efficiencies Recon
Capital created developing its own funds.
“Recon Capital has designed a single-point-solution ETF platform
that goes beyond what is currently offered in the marketplace,” Mr.
Keary says. “Recon Capital is focused on building partnerships with
its clients who are collectively looking to raise assets and create
innovative investment products. Recon Capital executives Garrett
Paolella and Kevin Kelly are not just attracting high quality
investment managers; they are creating their own first-rate
investment management firm, and I am excited to join this
team.”
Mr. Keary’s industry experience includes seven years at Nasdaq
where his responsibilities included building the exchange’s ETF
listing business, allowing him to receive a 360-degree view of the
ETF universe. He owns his own consulting business, Global ETF
Advisors, which helps investment managers, indexers and exchanges
tackle and solve the challenges associated with the ETF
wrapper.
“Richard’s impressive, intangible background as an exchange
executive and industry consultant makes him the optimal person to
be involved with this platform, which we designed to build
partnerships, assets and scale to reduce the costs to our clients,”
explains Mr. Paolella, CEO of Recon Capital Partners. “We look
forward to utilizing our ETF platform to partner with best-in-breed
investment managers who share our desire to create innovative
investment solutions.”
About Recon Capital
Recon Capital Partners, LLC, is an SEC Registered Investment
Adviser headquartered in Greenwich, CT that uses its investment
expertise and operational infrastructures to deliver market-driven,
value-added products that meet the evolving needs of global
investors. Please visit ReconCapitalPartners.com for more
information.
Shares are bought and sold at market price (not NAV), are not
individually redeemable, and owners of the Shares may acquire those
Shares from the Funds and tender those Shares for redemption to the
Funds in Creation Unit aggregations only, consisting of 50,000
Shares.
You should consider the fund’s investment objectives, risks,
and charges and expenses carefully before investing. Contact Recon
Capital Advisors at 1-844-RC-FUNDS/1-844-723-8637 or visit
www.ReconFunds.com to obtain a prospectus or summary
prospectus which contains this and other information about the
fund. The prospectus or summary prospectus should be read carefully
before investing.
International investing involves risks, including risks
related to foreign currency, limited liquidity, less government
regulation and the possibility of substantial volatility due to
adverse political, economic or other developments. These risks
often are heightened for investments in emerging/developing markets
or in concentrations of single countries. The Fund is considered
non-diversified and may be subject to greater risks than a
diversified fund.
The Funds are distributed by Foreside Fund Services, LLC,
which is not affiliated with Recon Capital Advisors, LLC or any of
its affiliates.
About Global ETF Advisors
Global ETF Advisors is an independent management consulting firm
that specializes in the Exchange Traded Products industry. They
offer advisory services designed to enhance their clients'
strategic vision and execution capabilities. Experience includes
launching financial products, establishing new business units and
service offerings for global enterprises as well as working with
start-up companies in building their corporate and business
development strategies.
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version on businesswire.com: http://www.businesswire.com/news/home/20150915005133/en/
Gregory FCA for Recon CapitalLauren Davis,
610-228-2103Recon@GregoryFCA.com
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