About Ranger Equity Bear
Ranger Alternative Management, L.P. is the investment manager responsible for managing the Ranger Equity Bear ETF (NYSE Ticker: HDGE). HDGE is the first actively managed ETF, which invests on a short basis only in U.S. equities with the objective of generating positive relative risk-adjusted returns. The investment team implements a bottom-up, fundamental, research driven security selection process which seeks to identify securities with low earnings quality or aggressive accounting practices which may be intended on the part of company management to mask operational deterioration and bolster the reported earnings per share over a short time period. In addition to these issues, Ranger seeks to identify earnings driven events that may act as a catalyst to the price decline of a security, such as downwards earnings revisions or reduced forward guidance.