ProShares, a premier provider of alternative ETFs, announced today the
appointment of Paulami “Paula” Kar as head of product management. She
will report to ProShares’ Head of Strategy Steve Cohen and will be based
in the company’s Bethesda, Md. headquarters.
“Paula’s proven track record in ETF product management makes her an
outstanding addition to our organization,” said Cohen. “We look forward
to her leadership as she helps drive growth in our lineup of alternative
ETFs, which span a broad range of strategies, from interest-rate-hedged
fixed income, to dividend growers to multi-alternative solutions, among
others.”
Kar brings more than 13 years of investment industry experience to
ProShares, having most recently served as head of U.S. iShares Fixed
Income Product Management for BlackRock. She also served as director of
strategy for BlackRock’s Global Fixed Income business. Prior to
BlackRock, Kar was with McKinsey & Company’s Financial Institutions
Group, covering asset management, banking and insurance clients. She
began her career with Citigroup in India.
Kar has an MBA with a major in finance from The Wharton School,
University of Pennsylvania, a post-graduate degree in management from
the Xavier Labor Relations Institute (India) and a bachelor of science
in economics from Presidency College, University of Calcutta (India).
About ProShares
ProShares offers the nation's largest lineup of alternative ETFs. We
help investors to go beyond the limitations of conventional investing
and face today's market challenges. ProShares helps investors build
better portfolios by providing access to alternative investments
delivered with the liquidity, transparency and cost effectiveness of
ETFs. Our lineup of 150 alternative ETFs can help you reduce volatility,
manage risk and enhance returns.
ProShares has the largest lineup of alternative ETFs in the United
States according to Strategic Insight, based on analysis of all the
known alternative ETF providers (as defined by Strategic Insight) by
their number of funds and assets (as of 1/31/2014).
Investing involves risk, including the possible loss of principal.
ProShares are generally non-diversified and entail certain risks,
including risk associated with the use of derivatives (swap agreements,
futures contracts and similar instruments), imperfect benchmark
correlation, leverage and market price variance, all of which can
increase volatility and decrease performance. For more on correlation,
leverage and other risks, please read the prospectus.
There is no guarantee any ProShares ETF will achieve its investment
objective.
Carefully consider the investment objectives, risks, charges and
expenses of ProShares before investing. This and other information can
be found in their summary and full prospectuses. Read them carefully
before investing.
ProShares are distributed by SEI Investments Distribution Co., which is
not affiliated with the funds' advisor.
Copyright Business Wire 2014