Daniel McCabe – Active Non-Transparent (EP.69)
Daniel McCabe – Active Non-Transparent (EP.69)
Daniel McCabe, CEO of Precidian Investments joins Phil to talk about his career in trading and product development and to discuss Precidian’s solution for non-disclosed actively managed ETFs. They discuss:
- How Dan’s career got started
- Running a market-making firm on the Amex
- Developing CurrencyShares
- Phantom shorts
- ADR-plus and currency hedging
- How ActiveShares works
- The SEC approval process
- What to expect from active ETFs in the future