OAKLAND, Calif., Nov. 30, 2015 /PRNewswire/ -- United States Commodity Funds announced today that Ludwig B. Chincarini, CFA, PhD has joined the company as Director of Quantitative Strategies.
"We are excited to have someone with Ludwig's combination of real world business experience and academic research to help us develop innovative investment ideas for new and existing products," says John P. Love, President and CEO of United States Commodity Funds.
Professor Chincarini is an Associate Professor of Finance in the School of Management at the University of San Francisco and has previously worked on Exchange Traded Funds with companies such as Index IQ and Rydex Global Advisors, where he co-developed the S&P 500 equal-weighted index and helped launch the Rydex ETF program. He served on the academic council to FutureAdvisor. He also helped revolutionize the internet-brokerage space as Director of Research for Folio Investing. Chincarini is the author of The Crisis of Crowding, which takes a deeper look at the financial crisis of 2008, and the classic book for quantitative portfolio management, Quantitative Equity Portfolio Management. He is an All Star blogger on TradeKing's brokerage platform. Professor Chincarini received a PhD from the Massachusetts Institute of Technology and a BA from the University of California at Berkeley.
"I am excited to join one of the premier ETF companies. Whenever you think about buying oil, you think about the USO and USCF. I was attracted primarily by the people of USCF. They are smart, have a vision, and want to build products that will really benefit investors. I hope that together we can build great things for investors everywhere."
Distributed by ALPS Distributors, Inc.
Forward Looking Statements
Statements other than statements of historical facts included in this press release may constitute forward looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
This material must be preceded or accompanied by a prospectus. Please read it carefully before investing or sending money.
United States Commodity Funds is a registered trademark. All rights reserved.
United States Oil Fund, LP (USO), United States Natural Gas Fund, LP (UNG), United States 12 Month Oil Fund, LP (USL), United States Gasoline Fund, LP (UGA), United States 12 Month Natural Gas Fund, LP (UNL), United State Brent Oil Fund, LP (BNO), United States Short Oil Fund, LP (DNO), United States Diesel-Heating Oil Fund, LP (UHN), United States Commodity Index Fund (USCI), United States Copper Index Fund (CPER) and United States Agriculture Index Fund (USAG), (together "the Funds").
The Funds are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.
Commodity and futures trading is highly speculative and generally volatile and are not suitable for all investors. The Funds are speculative and involve a high degree of risk. An investor may lose all or substantially all of an investment in the Funds.
Please review the prospectus for the breakeven calculations for the Funds. Ordinary brokerage commissions apply. Shares of the Funds are not FDIC insured, may lose value and have no bank guarantee. Indexes are unmanaged and do not reflect the deduction of any fees, expenses or taxes; individuals cannot invest directly in an Index. Only authorized participants may purchase or sell directly with the Funds. The Funds are not operated in a fashion such that their NAVs will reflect the percentage change of the price of any particular futures contract as measured over a time period greater than one day. It is not the intent to operate the Funds in a fashion such that their NAV will equal in dollar terms, the spot price of any particular futures contract.
John P. Love is a registered representative of ALPS Distributors, Inc.
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SOURCE United States Commodity Funds