First Trust Financials AlphaDEX Overtakes as Freedom Holding’s Second-Largest Shareholder – Right Behind Timur Turlov

Wall Street's algorithmic arms race just claimed another scalp.

AlphaDEX flexes its quant muscles

The First Trust ETF's proprietary selection model now holds more Freedom shares than any investor except founder Turlov himself—proof that even in Central Asia's wildest frontier market, cold hard algorithms beat human gut instincts.

Freedom's peculiar appeal

Why would a NASDAQ-listed ETF pile into a Kazakhstan-based brokerage known for its... creative interpretations of compliance? Probably the same reason crypto traders love volatile altcoins: high risk, higher reward potential.

The new power players

Forget activist investors—the real shareholder activists now come with API endpoints. This marks the first time a 'smart beta' strategy has become a top stakeholder in an emerging market financial firm. The algos aren't just coming for your job—they're gunning for your board seat too.

Just don't ask what happens when the model's rebalancing period clashes with a Kazakh banking holiday.