Former Janus CEO Joins Grail Advisors Advisory Board
January 13 2010 - 9:37AM
Marketwired
Grail Advisors, an innovator in the development and distribution of
active-managed exchange traded funds (ETFs), today announced that
Gary Black, former CEO of Janus Capital Group, is joining the
firm's Advisory Board.
Grail Advisors launched the industry's first true,
actively-managed equity ETFs earlier this year, including a suite
of single-manager ETFs using traditional active management -- RP
Growth ETF (NYSE: RPQ), RP Focused Large Cap Growth ETF (NYSE:
RWG), RP Technology ETF (NYSE: RPX), and RP Financials ETF (NYSE:
RFF) -- and the Grail American Beacon Large Cap Value ETF (NYSE:
GVT). The firm will unveil a series of actively-managed
fixed-income ETFs in early 2010.
"Having an experienced executive like Gary Black join our team
is a solid validation of the Grail Advisors business strategy,"
said William M. Thomas, CEO of Grail Advisors LLC. "We are changing
the face of managed investments and Gary's presence will help us
build momentum."
Mr. Black spent five years at Janus, joining the firm in April
2004 as President and Chief Investment Officer, and was named CEO
in January 2006. Prior to Janus, Black was Chief Investment Officer
of Global Equities and a partner at Goldman Sachs in its asset
management division. Previously, he served as Executive Vice
President and global head of the institutional business for
Alliance Bernstein. Black started his investment career as a senior
research analyst in 1992 at Sanford C. Bernstein & Co.
In October, Mr. Black launched a new money management firm,
Black Capital Management, an SEC-registered company that will offer
traditional long-only as well as absolute-return strategies to both
retail and institutional investors.
"It's clear to me that Grail Advisors is out in front of the
fund industry with its actively-managed ETF product," said Black.
"I'm keenly interested in helping the firm stay on the leading edge
of this product evolution."
San Francisco-based Grail Advisors will add new funds throughout
2010. Mr. Thomas says Grail Advisors is currently in discussions
with a number of leading financial institutions and asset managers,
and expects to launch a number of customized, actively-managed ETFs
that will provide full, daily disclosure on all holdings.
About Grail Advisors LLC
Grail Advisors LLC, an innovator in the creation and
distribution of actively-managed Exchange Traded Funds, partners
with established asset managers, distributors, and related
financial institutions to design and deliver actively-managed ETFs.
Grail Advisors was created to deliver ETFs using fully disclosed
active portfolio management to the global investment community.
More information is available at www.grailadvisors.com.
William M. Thomas is a registered representative of ALPS
Distributors, Inc.
Shares are not individually redeemable. Investors buy and sell
shares on a secondary market. Only market makers and "authorized
participants" may trade directly with the Fund(s), typically in
blocks of 50,000 shares.
There are risks involved with investing including possible loss
of principal. The ETFs will be actively-managed and the Shares may
trade above or below their net asset value. The trading price of
Shares may deviate significantly from net asset value during
periods of market volatility. Shares will not be FDIC insured, may
lose value, and will have no bank guarantee.
An investor should consider investment objectives, risks,
charges, and expenses carefully before investing. The Prospectus
contains this and other information. For more complete information
about the ETFs or to obtain a Prospectus, call 415-677-5870. Please
read the Prospectus carefully before investing.
The RP Short Duration Bond ETF and the Grail McDonnell ETFs are
new and have no operating history.
ALPS Distributors, Inc. is not affiliated with the mentioned
entities -- Janus Captial Group, Goldman Sachs, Alliance Bernstein,
Sanford C. Bernstein & Co. and Black Capital Management.
The ETFs are distributed by ALPS Distributors, Inc.
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