Unlimited HFEQ Equity Long/Short ETF (HFEQ)

The Unlimited HFEQ Equity Long/Short ETF (HFEQ) is sponsored by Unlimited Funds, a firm founded by Bob Elliott that offers exchange-traded funds designed to replicate the returns of hedge fund strategies.

This fund targets the return profile of equity long/short hedge funds. Rather than picking individual stocks, it uses a quantitative model to estimate the aggregate exposures of that hedge fund category and recreates them with liquid instruments such as ETFs and futures across equity markets and other asset classes.

The goal is to deliver hedge-fund-like returns in a transparent, daily-traded vehicle.