Bloomberg: Precidian Closer to Hidden-Asset ETF to Curb Front-Running

Rachel Evans and Annie Massa report Precidian Investments has unveiled a new suite of strategies for an innovative type of actively managed product that’s packaged as an exchange-traded fund. The first NextShares fund is still relatively small, with about $22 million in assets.  “It’s a chicken-and-the-egg situation,” said Bill Harts, chief executive officer of Modern Markets Initiative, an advocacy group for high-speed traders. “With limited volume today, they don’t get all the benefits of high-frequency trader market making the way a stock like Apple does. If the amount of trading increases, that could change.”