Clough Capital Partners, a hedge fund firm with $1.3bn in client assets under management, has entered the active ETF space by assuming management of the Changebridge Select Equity ETF (BSE) and the Changebridge Long/Short Equity ETF (CBLS).
The funds, which will be formally renamed as Clough ETFs on 13 September, join Clough’s existing offering of closed-end funds, hedge funds, and separately managed accounts.
As part of the initiative, Vince Lorusso has rejoined Clough Capital as its new President & CEO. He will remain as Portfolio Manager for the ETF strategies, a role he has held since their listing on the New York Stock Exchange (NYSE) in 2020.
Lorusso spent time at Natixis Asset Management and Clough Capital before helping to launch Changebridge Capital in 2020.
Chuck Clough will remain as Chairman, Chief Investment Officer & Portfolio Manager at the firm.
