VistaShares launches ETF tracking stock bets of hedge fund activist Bill Ackman

By Suzanne McGee and Svea Herbst-Bayliss (Reuters) -Asset manager VistaShares has selected high-profile investor Bill Ackman as the fund manager to mimic in its newest exchange-traded fund. The VistaShares Target 15 ACKtivist Distribution ETF made its debut on Tuesday amid a boom in such funds either overseen by or designed to replicate the portfolios of top managers like Ackman. It follows the success of VistaShares' first such offering, the VistaShares Target 15 Berkshire Select Income ETF, which trac ...