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Markets  + ETFs  |  October 5, 2023
Clough Capital Takes Over Changebridge’s Active ETFs
Joe Palmisano
By: Joe Palmisano

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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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