Investment management firm FFCM has appointed J.P. Morgan to provide a suite of securities services for QuantShares, its recently launched family of equity exchange-traded funds (ETFs). J.P. Morgan will offer fund administration, fund accounting and custody and prime custody services.
The Boston-based firm has also hired J.P. Morgan Clearing Corp. as prime broker for four of the seven new funds. The market neutral QuantShares ETFs will hold long and short positions in almost equal dollar amounts and engage in shorting physical securities. They will allow access to several alternative innovative investment strategies.
Click here for the release from Business Wire.