SSgA alumnus Bill DeRoche founded quantitative tactical manager FFCM in 2010 and launched its QuantShares family of market neutral ETFs in 2011. The Beantown boutique is also an ETF strategist (i.e. an asset manager that builds portfolios with ETFs as the pieces).
In November 2015, publicly-traded Canadian asset manager AGF Management Limited revealed that it had purchased a majority stake in FFCM. At the time, FFCM had C$1.3 billion (about $980 million) in AUM.