Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Barse Teams Up With an Expanding ETF Startup Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 07, 2019

Barse Teams Up With an Expanding ETF Startup

Reported by Neil Anderson, Managing Editor

David Barse has returned to the mutual fund business, though this time he's teaming up with a growing ETF shop.

William Rhind
GraniteShares
Founder, CEO
Today Will Rhind, founder and CEO of New York City-based GraniteShares [profile], confirmed the launch of the GraniteShares XOUT U.S. Large Cap ETF (XOUT on the NYSE Arca). The new ETF is powered by the XOUT U.S. Large Cap Index from XOUT Capital, which is led by Barse. Meanwhile, Rhind continues to expand his team.

David Michael Barse
XOUT Capital LLC
Founder, CEO
"We hired a couple more folks on the sales side ... and we're currently looking for West Coast and Central wholesaler positions," Rhind tells MFWire. "We're building out nicely."

Rhind's newest additions include Lili Jiang and Dwayne Javier, he confirms. The GraniteShares team now includes 14 people and has more than $700 million in AUM. He's looking to hire on the marketing side, too, in addition to further expanding the sales team.

As for the GraniteShares XOUT ETF, the idea behind the index and the ETF is to avoid losers, rather than picking winners.

"To us, it's much more than a fund," Rhind says. "It's a completely new investment paradigm and a completely new way of looking at investing," Rhind says. "It's much easier to identify a company in secular decline than it is to identify the next Google."

"Having spent most of my career in the asset management industry trying to build portfolios of winners, I now know it may be much easier to simply exclude losers," states Barse, founder and CEO of XOUT Capital and former CEO of Third Avenue.

Looking ahead, if the new ETF catches on, watch for Rhind and Barse to team up on other ETFs using a similar perspective.

"This is obviously something that can be adapted to all sorts of other areas and sectors of the market," Rhind says.

Javier, an alumnus of Ursinus College, most recently spent three years at Invesco before departing earlier this year. Prior to that he worked with Pioneer, Nationwide, Northwestern Mutual, Prudential, and AllianceBernstein.

Jiang, an alumna of Pace University, most recently spent six years with BlackRock before moving on last year. Before that she worked at Lord Abbett. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  2. FinReg Outlook 2021, March 10
  3. Irish Funds North American Digital Seminar, March 11
  4. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  5. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  6. Women for Impact - A Call to Action, March 16
  7. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  8. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use