Hedgeye Asset Management launches Hedgeye Capital Allocation ETF (HECA)

Hedgeye Asset Management, LLC ("HAM"), a subsidiary of Hedgeye Risk Management, LLC, today announced the launch of the Hedgeye Capital Allocation ETF (NYSE: HECA)— an actively managed ETF that seeks long-term capital appreciation by maximizing total returns across global market cycles, while avoiding drawdowns exceeding 15%.

Managed by HAM under veteran portfolio manager David Salem, who previously oversaw in excess of $8 billion on behalf of 800+ endowed charities as president and chief investment officer of The Investment Fund for Foundations, the Fund uses a rules-based process centered on a proprietary algorithm, Hubble, which ranks securities based on Hedgeye's proprietary macroeconomic ("Quads") and market-derived ("Signals") data.

"David is an experienced allocator whose integrity and investment discipline speak for themselves," said Hedgeye's CEO, Keith McCullough. "He calls our Quads and Signals the 'greatest productivity hack' he's ever used—which is both humbling and a huge vote of confidence."

Deploying a "go anywhere" but not everywhere strategy regarding asset allocations, HECA primarily invests in passively managed ETFs and seeks to maintain low turnover, with the aim of appealing to fiduciaries and long-term allocators. HECA is designed to serve as a durable, all-weather allocation solution for long-term investors.

You May Also Be Interested In

• Ashland said to explore sale amid takeover interest - Bloomberg
• Sharplink and Galaxy Digital launch $125M onchain yield fund
• Tredegar Corp. (TG) Tops Q2 EPS by 18c