A Tiny Hedge Fund Just Made History by Turning Into an ETF
- First-ever conversion happened in the last few days of 2020
- Industry expects a mutual to ETF switch in the coming weeks
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While the asset management industry has been watching and waiting for a mutual fund to become an ETF for the first time, it turns out history was being made with a conversion of another kind.
A tiny U.S. hedge fund has just become the first to convert into an exchange-traded fund.