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Between them, AdvisorShares Ranger Equity Bear ETF (HDGE) portfolio manager Brad Lamensdorf and Chief Investment Officer David Tice have more than 40 years of experience running short funds. David managed the Federated Prudent Bear Fund (BEARX) from 1996-2008, generating 8% annualized returns during his final 10 years at the fund versus a loss of 1.4% a year over the same period for the S&P 500. Meanwhile, in addition to co-managing HDGE,