ProShares, Michael L. Sapir expand into active investing, private markets and fixed income. September 9, 2026 ProShares is expanding beyond its traditional exchange-traded fund business into active management, private markets and fixed income, launching a new Active Investments platform and adding senior executives as it pursues its next phase of growth. The asset manager also plans to introduce a lineup of interval funds, giving investors access to less-liquid investments that generally do not fit within traditional ETF structures. ProShares said it will evaluate other investment vehicles and strategic partnerships with asset management firms as it enters additional asset classes. The expansion comes after ProShares recently reached close to $120 billion in assets under management, according to CEO Michael L. Sapir. ProShares and mutual fund affiliate ProFunds managed more than $111 billion as of Aug. 31, 2026. ProShares has built much of its business around ETFs, including dividend growth, high-income, interest-rate-hedged bond, cryptocurrency and geared strategies. Its move into active investments broadens that model by targeting areas where traditional indexing can be more difficult to apply, including private markets and certain fixed-income strategies. The Active Investments platform will serve as the home for the planned interval funds and combine investment research with specialized portfolio management. Interval funds can hold investments with more limited liquidity while offering investors periodic opportunities to redeem shares, opening a structure for strategies that cannot be readily packaged into daily-traded ETFs. ProShares has hired Alessio de Longis as managing director, head of research and chief investment officer of Active Investments to lead the new platform. He joins from Invesco, where he was head of asset allocation and senior portfolio manager within the Investment Solutions Group. At Invesco, de Longis oversaw a global multi-asset investment platform with approximately $100 billion in assets and advisory mandates spanning private wealth and institutional clients. "By combining rigorous investment research, thoughtful portfolio construction, and disciplined portfolio management, we can develop innovative active investment solutions that help meet investors' evolving needs," de Longis said. The firm has also recruited Hyuk Soo Han as senior portfolio manager for private equity. Han will help lead private equity secondary investments and develop additional private markets strategies. He previously served as a principal on GCM Grosvenor's private equity team, focusing on direct and secondary investments. Inkoo Kang has joined as executive director of tactical products, where he will support ProShares' leveraged and inverse ETF business. Kang previously worked at Grayscale and spent more than a decade at Direxion across product development, institutional strategy and portfolio management. ProShares also hired Joseph Witkowski as executive director and head of product development. He joins from BlackRock, where he held senior product leadership positions covering ETFs, alternatives and mutual funds. Witkowski will oversee product development as ProShares enters new asset classes and investment structures. Nicholas Georgakis, another former BlackRock executive, has joined as senior director of product implementation. His responsibilities include supporting the development and implementation of investment strategies and vehicles across the expanding platform. At BlackRock, he worked in senior product strategy and development roles focused on alternatives and multi-asset solutions. The five appointments are part of a broader hiring push. ProShares currently has more than 20 open positions and expects additional recruitment across portfolio management, research, product development and other strategic functions. "Now we are taking the business to its next level of growth," Sapir said. "The significant new talent we've brought on is central to that effort." Partnerships could provide another route into new markets. ProShares said it is considering several strategic relationships with other asset managers that could add complementary expertise, accelerate entry into additional asset classes and extend the firm's investment capabilities. The strategy marks a significant broadening of a business that has concentrated on ETFs since 2006. Rather than moving away from its existing franchise, ProShares is positioning active strategies, private markets, fixed income and new fund structures as additional channels alongside its established ETF platform.

ProShares fuels next phase of growth with significant new hires and continued investment in talent. Sep 09, 2026. Alessio de Longis joins as Head of Research and Chief Investment Officer, Active Investments, to lead new investment capability BETHESDA, Md. - September 9, 2026 - ProShares, a premier provider of exchange-traded funds (ETFs), today announced that it is taking its business to the next level of growth, expanding the firm's capabilities to pursue new investment opportunities and deliver a broader range of investment solutions across new asset classes and structures. To power this growth, the firm has made several significant new hires and is continuing to build its team. Expanding across new asset classes, new product structures. ProShares' growth strategy reaches into new areas beyond its traditional ETF lineup, including active management, private markets, and fixed income. To support this strategy, the firm is investing in talent across the organization, with experienced new hires in areas such as portfolio management, product development, and research, with more than 20 open positions, and more hiring to come. As part of its expansion, ProShares plans to launch a lineup of interval funds, a structure that can offer investors access to less-liquid, return-oriented opportunities not readily available through traditional ETFs. Beyond interval funds, ProShares intends to evaluate additional product structures designed to expand investors' access to other asset classes. Alongside this organic investment, ProShares is considering several new strategic partnerships with other asset management firms and intends to continue evaluating additional partnerships as another avenue for growth. Such relationships could extend the firm's reach, accelerate its entry into new asset classes, and bring complementary expertise to its expanding platform. "ProShares recently reached a new high of close to $120 billion in assets under management, reflecting the success of our commitment to innovation and investor-focused solutions," said ProShares CEO Michael L. Sapir. "Now we are taking the business to its next level of growth. The significant new talent we've brought on is central to that effort, and we will keep investing in exceptional people, capabilities, and partnerships to build new offerings, broaden what we provide investors, and achieve our goals." A new Active Investments platform. A key part of this expansion is ProShares' new Active Investments platform, which broadens the firm's capabilities across a range of areas where traditional indexing approaches are structurally limited - such as private markets and fixed income, among others - and which will serve as the home for the firm's new interval fund lineup. The platform brings together experienced investment professionals with specialized investment research and portfolio management expertise to develop active investment solutions that complement the firm's longstanding leadership in ETFs. To lead the firm's new Active Investments platform, ProShares has appointed Alessio de Longis as Managing Director, Head of Research and Chief Investment Officer (CIO), Active Investments. Most recently, de Longis served as Head of Asset Allocation and Senior Portfolio Manager at Invesco's Investment Solutions Group, overseeing a global multi-asset investment platform with approximately $100 billion in assets and advisory mandates across private wealth and institutional clients. "ProShares has built a strong reputation for innovation and delivering differentiated investment solutions," said de Longis. "It's an exciting time to join ProShares as we expand the firm's active investment capabilities. By combining rigorous investment research, thoughtful portfolio construction, and disciplined portfolio management, we can develop innovative active investment solutions that help meet investors' evolving needs." Strengthening the team. ProShares' significant new hires include: * Alessio de Longis has joined ProShares as Managing Director, Head of Research and Chief Investment Officer (CIO), Active Investments, where he will lead the firm's new Active Investments platform. He joins ProShares from Invesco, where he served as Head of Asset Allocation and Senior Portfolio Manager in its Investment Solutions Group, overseeing a global multi-asset platform with approximately $100 billion in assets. * Hyuk Soo Han has joined ProShares as Senior Portfolio Manager, Private Equity. He will help lead the firm's private equity secondary investment efforts and support the development of new private markets strategies. He joins ProShares from GCM Grosvenor, where he served as Principal on the firm's Private Equity team focused on direct and secondary investments. * Inkoo Kang has joined ProShares as Executive Director, Tactical Products. He will help support the continued growth of ProShares' geared (leveraged and inverse) ETF business. He joins ProShares from Grayscale and previously spent more than a decade at Direxion in product development, institutional strategy, and portfolio management. * Joseph Witkowski has joined ProShares as Executive Director, Head of Product Development. He will lead the firm's product development efforts as ProShares expands into new asset classes and investment structures. He joins ProShares from BlackRock, where he held senior product leadership roles spanning ETFs, alternatives, and mutual funds. * Nicholas Georgakis has joined ProShares as Senior Director, Product Implementation. He will support the development and implementation of new investment strategies and vehicles across the firm's expanding platform. He joins ProShares from BlackRock, where he held senior product strategy and development roles focused on alternative investments and multi-asset solutions. ProShares expects to continue expanding its team in the near future, including additional new hires across several strategic areas. About ProShares. ProShares has been at the forefront of the ETF revolution since 2006, offering one of the industry's largest ETF lineups. ProShares, together with its mutual fund affiliate, ProFunds, manages more than $111 billion in assets.[1] The company is a leader in strategies such as dividend growth, high income, interest rate hedged bond, crypto and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns. [1] As of 8/31/26 Media Contact Steve Schaefer (212) 207-9456 [email protected] Investor Contact (866) 776-5125 [email protected]