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NEW YORK, July 31, 2017 -- Blue Tractor Group, LLC ("Blue Tractor") announces that it has filed a third amended and restated application ("Application") with the U.S. Securities and Exchange Commission ("SEC") for a novel exchange traded fund ("ETF") structure called a Shielded Alpha℠ ETF.
As described in the Application, a Shielded Alpha℠ ETF would permit active fund management but unlike transparent actively managed ETFs, does not require full portfolio disclosure on a daily basis in order to facilitate pricing, hedging and arbitrage. Consequently, by using the Shielded Alpha℠ solution active managers could issue actively managed ETFs while still fully obscuring their proprietary alpha generation strategy from the market.
Terence (Terry) Norman, Founder of Blue Tractor and the originator of the algorithms underpinning the Shielded Alpha℠ ETF structure commented, "We have spent months dialoguing with authorized participant firms and exchange market makers, leading custodial banks and distributors and asset managers and believe the amended structure as described in our Application successfully addresses the needs of investors and issuers for a product that can deliver the attributes of active management with the cost and tax efficiencies of an ETF wrapper.”
Blue Tractor's Application, filed July 31, 2017, was prepared by Michael W. Mundt, a Partner in the Washington DC office of Stradley Ronon Stevens & Young, LLP and is available for review on the SEC's website through the EDGAR database at www.sec.gov.
Simon Goulet, Co-Founder of Blue Tractor added, "We are buoyed by the positive feedback we’ve received from the market regarding our ETF structure and look forward to continued constructive discussions with the SEC.”
The Application indicates that Blue Tractor also seeks to enter into licensing agreements with unrelated investment advisers that could utilize the Shielded Alpha℠ solution for their own Shielded Alpha℠ ETFs.
About Blue Tractor Group
Blue Tractor Group, LLC develops proprietary solutions to facilitate novel exchange traded fund products. Blue Tractor's Shielded Alpha℠ ETF structure (patent pending) permits active fund management within an ETF wrapper, while fully shielding the fund's proprietary alpha strategy. Please visit www.bluetractorgroup.com for additional information.
Contact Information Contact: Simon Goulet [email protected] (212) 847-1370
