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US fund veteran makes selling point of ETFs' dirty little secret

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Published Thu, Jun 22, 2017 · 09:50 PM

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    New York

    BRAD Lamensdorf is an unlikely whistle-blower on the inner workings of exchange-traded funds.

    A hedge fund alumnus and now chief executive of a tiny ETF startup, Mr Lamensdorf has long been aware of the sometimes embarrassing secret at the heart of these funds: securities lending.

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