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Steve Cohen-Backed ETF Platform Is About to Break New Ground

  • European white-label issuer HANetf to list first fund Friday
  • Co-founder McNeil has disrupted passive market for 20 years
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Photographer: Charles Mostoller/Bloomberg
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From helping to bring gold investing to the masses to devising ETFs for short-selling hedge funds, Hector McNeil has been at the vanguard of the passive revolution for the past 20 years.

Now, the 50-year old Yorkshireman is taking on the likes of BlackRock Inc. to shake up the industry in Europe. McNeil wants to fast-track the creation of passive products for wannabe issuers lacking in-house expertise or the stomach for execution risk through his firm HANetf, a white-label provider.