BOSTON--(BUSINESS WIRE)--Clough Capital Partners L.P. ("Clough Capital") has entered the Active ETF arena by assuming management of two Actively Managed ETFs: The Changebridge Select Equity ETF (Ticker: CBSE) and the Changebridge Long/Short Equity ETF (Ticker: CBLS). The Funds will be formally renamed as Clough ETFs on September 13th. Through this initiative, Clough is excited to announce Vince Lorusso has rejoined the Firm as its new President & CEO. Mr. Lorusso will remain the Portfolio Manager for the strategies, a role he has held since their listing on the New York Stock Exchange (NYSE) in 2020.
Lorusso brings a unique combination of institutional knowledge and an entrepreneurial spirit that will help drive Clough Capital's growth in the years ahead, having spent time at Natixis Asset Management and Clough Capital before helping to launch Changebridge Capital in 2020. The addition of Actively Managed ETFs to Clough’s existing line-up of Closed-End Funds, Hedge Funds, and Separately Managed Accounts represents a timely strategic addition to the Firm’s offerings.
“We couldn’t be happier about this next chapter of Clough Capital, which now includes the management of Active ETFs,” said new CEO Vince Lorusso. “The investment industry will always present opportunities for firms that perform rigorous fundamental research and investors are increasingly demanding broader access to these capabilities. The ETF structure represents a great avenue for the team at Clough Capital to deliver institutional-caliber research in a client-centric structure.”
Clough Capital has a proud history as an investment manager dating back to 1999, having earned a reputation for disciplined fundamental analysis, a global perspective, and actively managing strategies across market cycles. The decision by Lorusso to rejoin Clough Capital and integrate the two Active ETFs he manages into Clough Capital’s existing research & operational infrastructure means that Changebridge’s ETF investors immediately gain access to Clough Capital’s experienced team of professionals.
“We built Clough Capital more than two decades ago to deliver investment strategies that meet our client’s needs,” said Chairman and Founder Chuck Clough. “The addition of actively managed ETFs under Lorusso’s leadership is a natural extension of the client-centric approach we’ve always taken towards product development and expanding our research capabilities.”
Chuck Clough will remain as Chairman, Chief Investment Officer & Portfolio Manager at the Firm, continuing to guide the team’s overall investment philosophy. Clough has been active in the securities and investment business for over 57 years. Prior to founding Clough Capital, Chuck served as the Chief Global Investment Strategist from 1987 through 1999 at Merrill Lynch & Co. During this time, he advised many of the world’s top institutions and investors on portfolio strategy.
About Clough Capital
Clough Capital Partners L.P. is a globally focused investment management firm with $1.3 billion in client assets under management (as of June 30, 2023). Clough Capital was founded in 2000 by Charles I. (“Chuck”) Clough Jr., after a career culminating as Chief Global Investment Strategist at Merrill Lynch & Co.
Carefully consider a fund’s investment objective, risks, charges, and expenses contained in the prospectus available at http://www.cloughetfs.com or by calling (617) 204-3400. Read Carefully.
Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market Returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern Time, when the NAV is normally calculated for ETFs. Your return may differ if you trade shares at other times. The equity securities held in the Funds’ portfolio may experience sudden, unpredictable drops in value or long periods of decline in value. This may occur because of factors that affect securities markets generally or factors affecting specific issuers, industries, or sectors in which the Funds invest. The Funds are considered to be non-diversified, which means that they may invest more of their assets in the securities of a single issuer or a smaller number of issuers than if they were diversified funds. As a result, the Funds may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than funds that invest more widely. This may increase the Funds’ volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on Fund performance.
Applying ESG criteria to the investment process may exclude securities of certain issuers for non-investment reasons and therefore the Funds may forgo some market opportunities available to funds that do not use ESG criteria. Distributed by Vigilant Distributors, LLC.
SOURCE Clough Capital
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