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FFCM Taps JPMorgan For Its QuantShares

Boston investment manager FFCM LLC has chosen a suite of JP Morgan Securities Services, including fund administration, fund accounting and custody, along with prime custody services, for its newly launched family of equity ETFs, QuantShares.

The QuantShares ETFs will be "market neutral," holding both long and short positions in approximately equal dollar amounts. They are among the first ETFs that will engage in shorting physical securities. FFCM has also chosen J.P. Morgan Clearing Corp. as prime broker for four of its seven new funds.

"We are pleased to be launching these funds that will leverage J.P. Morgan's ETF servicing with its prime custody solutions," says Bill DeRoche, founding member of FFCM, the Boston-based investment adviser to QuantShares. "Our decision to partner with J.P. Morgan reflects our confidence in their ability to support us across this multi-faceted and diverse set of strategies."

"J.P. Morgan has a history of innovation in the ETF space," says Robert Caporale, head of new business development – Americas, J.P. Morgan Worldwide Securities Services. "We look forward to delivering our market-leading offering of securities services solutions to FFCM for their newly launched ETFs."

J.P. Morgan provides a full suite of services for the development, launch and servicing of ETFs. Industry-wide, J.P. Morgan currently services 200 ETFs with total assets of over $100 billion.

The new QuantShares ETFs have been created to provide institutional and individual investors with access to several alternative innovative investment strategies, according to FFCM. Claing to offer diversification and risk management, the funds are designed to produce returns with low correlations to the overall equity market. These returns are driven by exposure to well-known factors such as beta, momentum, quality, value, and market cap.

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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