A $1.6 Billion Quant ETF Pivots to Huge Oil Bet as Adviser Exits

A $1.6 billion trend-following ETF has had its outside adviser and both portfolio managers depart amid a prolonged shake-up that has seen the fund build an unusually large oil position.

A $1.6 billion trend-following ETF has had its outside adviser and both portfolio managers depart amid a prolonged shake-up that has seen the fund build an unusually large oil position.