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Hedgeye Asset Management (NYSE: HECA) has announced the launch of its actively managed Hedgeye Capital Allocation ETF. The fund aims to achieve long-term capital appreciation while limiting drawdowns to 15%, utilizing a rules-based process driven by the proprietary Hubble algorithm.
The ETF will be managed by veteran portfolio manager David Salem, who previously managed over $8 billion for 800+ endowed charities as president and CIO of The Investment Fund for Foundations. The fund employs Hedgeye's proprietary macroeconomic "Quads" and market-derived "Signals" data for security ranking.
HECA adopts a "go anywhere but not everywhere" strategy, primarily investing in passive ETFs with low turnover, positioning itself as an all-weather allocation solution for long-term investors and fiduciaries.
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