Recon Capital has launched a white label ETF Platform enabling asset managers, hedge funds, and registered investment advisers (RIAs) to tap into the USD1.7 trillion exchange-traded fund industry.
Recon's ETF Platform helps asset managers bring innovative investment solutions to the exchange-traded fund and 1940 Act space.
The platform focuses on providing better investment solutions in a liquid, transparent, and cost effective manner.
Recon Capital launched its first exchanged-traded fund on the platform, the Recon Capital NASDAQ 100 Covered Call ETF, on 12 December 2013.
Currently, new entrants into the ETF space need to make a significant upfront investment to deal with the increase infrastructure demands, operational complexity, costs and time to market. Recon Capital's ETF Platform relieves that burden as well as provides:
• Exclusive use of Recon Capital's distribution and market awareness model
• Use of Recon Capital's trading and operations to comply with the 1940 Act
• Resource efficiencies spanning regulatory, legal, accounting, compliance, insurance, and admin
"1940 Act, and ETF, alternatives are a small part of the US fund industry, their asset pace is growing rapidly, and we are excited to work alongside other like-minded fund managers to offer compelling new products," says Kevin Kelly, chief investment officer at Recon Capital.
Recon Capital will help new entrants determine how to position their strengths in the ETF marketplace. Firms can launch a wide array of funds including long only, long/short, 130/30, and short only across varying asset classes such as equities, fixed income, real estate, commodities, and options on the platform.