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ETF that models billionaires' investments to launch in spring
ETF that models billionaires' investments to launch in spring

IBillionaire Inc., a company that models investments of the world's wealthiest people, plans to offer an exchange traded fund this spring that will allow the public to "invest like a billionaire," its top executive said Tuesday. After receiving about $1 million of start-up funding, IBillionaire has hired an ETF sponsor that will soon allow investors to follow the investing trends of tycoons such as Warren Buffett, Carl Icahn, Daniel Loeb and David Einhorn, said Raul Moreno, the company's chief executive. In November the company launched an index that uses regulatory filings to track the stocks that billionaires own. The next step will be allowing the public to make...

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