Unlimited Raises Series A To Bring the Indexing Revolution to Alternative Investments
Unlimited, a next-generation ETF platform, has announced their Series A led by FirstMark & Citi Ventures.
The company uses machine learning to track aggregate hedge-fund returns gross of fees, and aims to create ETFs that provide access to returns replicated from alternative strategies within the hedge-fund world and beyond. Their first product, $HFND, launched last October.
“This is not just about building financial products and putting them out there,” said Unlimited CEO Bob Elliott, who previously was a member of the investment committee at Bridgewater, the world’s largest hedge-fund firm. “It’s about leveraging our decades of insight managing money at some of the most sophisticated institutions in the world and bringing that insight to the adviser community.”