2008-08-15 22:35:03 -
- XShares Group Inc. (XShares), the parent company of XShares Advisors LLC, a sponsor of precisely focused, innovative exchange traded products (ETPs), today announced that Anthony F. Dudzinski has resigned from all positions at XShares and its subsidiaries. Mr. Dudzinski will remain a consultant to XShares and will pursue additional white label opportunities for XShares.
In addition to Mr.
Dudzinski's resignation from XShares, he has also resigned from the Board of Directors and as an officer of TDX Independence Funds, Inc., and as an officer of HealthShares(TM), Inc. TDX Independence Funds, Inc. has five exchange traded funds (ETFs) that trade on NYSE Arca, Inc. and HealthShares(TM), Inc. has 19 ETFs that trade on NYSE Arca, Inc.
Jeffrey Feldman, founder and chief strategist, paying tribute to Mr. Dudzinski's service to XShares, said: "Tony helped us launch XShares, and his commitment to the firm has been an inspiration to all XShares employees."
Along with Mr. Feldman and Chief Operating Officer David Jaffin, Anthony Dudzinski was one of the three original employees of XShares. With more than 23 years of experience in the financial services industry, he co-founded Wellspring BioCapital (the predecessor of XShares) with Mr. Feldman in 2004. Prior to Wellspring BioCapital, Mr. Dudzinski was President, Chief Operating Officer, Director, and Member of the Executive Committee of M.H. Meyerson & Co. Mr. Dudzinski started his career with Meyerson in 1983, beginning as an order clerk and rising to senior group trader responsible for trading over 600 securities. He is active in numerous industry associations.
About XShares Advisors LLC
XShares Advisors LLC is a registered investment advisor providing investment advisory services to exchange traded products (ETPs). XShares Advisors LLC partners with major institutions and index providers to bring innovative ETPs to market using its administrative platform. In addition, XShares Advisors LLC creates and licenses distinctive intellectual property for its ETPs, developing products that allow for innovative trading strategies for the financial community. For more information about XShares Advisors, visit the company's website at www.xsharesadvisors.com.
An investor should consider the fund's investment objective, risks, charges and expenses carefully before investing. For this and more complete information about the funds, please call 800.925.2870 for a prospectus. Please read the prospectus carefully before investing.
There are risks involved with investing in ETFs, including the possible loss of money. ETFs are not actively managed and are subject to risks similar to stocks, including those related to short selling and margin maintenance. Losses from short sales may be unlimited, and losses from purchases on margin may exceed the original investment. Ordinary brokerage commissions apply.
The prospectus is not an offer to buy or sell the portfolio shares, nor is the fund soliciting an offer to buy its shares in any jurisdiction where the offer or sale is not permitted.
TDX Independence ETFs and HealthShares ETFs are distributed by ALPS Distributors, Inc.
XShares Group Inc. and XShares Advisors LLC are affiliated entities. Neither XShares Group nor XShares Advisors is affiliated with ALPS Distributors, Inc.
HSI 484 EXP 12-31-2008
Makovsky + Co.
John McInerney, 212-508-9628
