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Markets  + ETFs  | 
Clough Capital Takes Over Changebridge’s Active ETFs

Clough Capital Takes Over Changebridge’s Active ETFs

Clough Capital Partners, a hedge fund that manages $1.3 billion in assets, has entered the active ETF space by assuming management of two actively managed ETFs: The Changebridge Select Equity ETF and the Changebridge Long/Short Equity ETF.

The funds will be formally renamed as Clough ETFs on September 13th, complimenting the Boston-based firm’s existing menu of closed-end funds, hedge funds and separately managed accounts.

Clough also announced that Vince Lorusso has rejoined the firm as president, CEO. Lorusso will remain the portfolio manager for the funds, a role he has held since their listing on the New York Stock Exchange (NYSE) in 2020. He was previously at Natixis Asset Management and Clough Capital before helping to launch Changebridge Capital in 2020.

“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,” said chairman and founder Chuck Clough, will remain as chairman, CIO and portfolio manager at the firm.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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