“The Ranger Equity Bear”
Ranger Alternative Management, L.P. is the investment manager responsible for managing the Ranger Equity Bear ETF (NYSE Ticker: HDGE). HDGE is the first actively managed ETF, which invests on a short basis only in U.S. equities with the objective of generating positive relative risk-adjusted returns. The investment team implements a bottom-up, fundamental, research driven security selection process which seeks to identify securities with low earnings quality or aggressive accounting practices which may be intended on the part of company management to mask operational deterioration and bolster the reported earnings per share over a short time period. In addition to these issues, Ranger seeks to identify earnings driven events that may act as a catalyst to the price decline of a security, such as downwards earnings revisions or reduced forward guidance.
Ranger Specialty Income
The Ranger Specialty Income strategy seeks to achieve superior risk-adjusted returns, short durations and strong monthly cash flow relative to other traditional fixed-income investment products. The portfolio invests in consumer and business loans originated by peer-to-peer (P2P) lending platforms, allowing investors to participate directly in historically profitable consumer credit markets that have formerly been the exclusive territory of banks and financial institutions. The Ranger Specialty Income strategy’s principal and income structure also offers investors multiple options with respect to monthly distributions or reinvestment.