Advisorshares
 |
|
| Limited Liability Company (LLC) | |
| Industry | Investment Management |
| Founded | 2006 |
| Founder | Noah Hamman |
| Headquarters | Bethesda, Maryland |
|
Key people
|
Noah Hamman Dan Ahrens James Carl Charles Robertson |
| Products | 24 Exchange-Traded Funds (ETFs): U.S. and International Equity, Fixed Income and Alternatives |
| AUM | US$1,831.04 million |
| Parent | Fund.com |
| Website | advisorshares |
AdvisorShares Investments is a US-based investment management firm based in Bethesda, Maryland which offers actively managed exchange-traded funds (ETFs) through the AdvisorShares Trust. Fund.com took an interest in the firm in 2008 and the firm launched its first active ETF fund in 2009. By 2014 it had 24 active ETFs and $1.83 billion under management.
The firm launched its first active ETF fund in 2009. By 2014 it had 24 active ETFs and $1.83 billion under management. AdvisorShares is a subsidiary of Fund.com, which has a 60% ownership interest.
AdvisorShares partners with third party financial advisers who already manage clients’ assets to package their investment strategy using exchange-traded funds. As part of promoting its funds it also provides educational support to help financial advisors and investors understand actively managed ETFs and their underlying investment strategies.
In October 2012 Esposito Securities LLC sued AdvisorShares, claiming that the parties signed a mutual nondisclosure agreement and that subsequently Dan Ahrens, an officer of AdvisorShares, began sharing confidential information with Esposito's clients and told them not to do business with Esposito.
The Dent Tactical ETF commenced trading on the New York Stock Exchange on September 15, 2009 under the : DENT. The first product of AdvisorShares Investments, LLC, DENT was actively managed by HS Dent Investment Management, LLC, an independent economic research and forecasting company and publisher of The Dent Method.
HS Dent Investment Management was managed by financial author, Harry S. Dent Jr. Previously, HS Dent had raised and managed a $2.0 billion mutual fund, AIM Dent Demographic Trends, which was merged into another fund after it lost 80% of its assets. According to Morningstar, Inc., DENT had highest expense ratio among ETFs, 1.5% of assets, as of July 2011.
DENT closed in August 2012. Its last day of trading was August 8, 2012 and remaining investments were returned to shareholders on August 15, 2012.
The Mars Hill Global Relative Value ETF commenced trading on the New York Stock Exchange on July 9, 2010 under the NYSE Ticker: GRV and was managed by Mars Hill Partners, LLC. GRV was the industry's first actively managed long/short ETF.
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