WBI’s active management strives to help investors capture growth while also protecting against market slides. : Hedge funds’ popularity continues to rise. Investors are attracted to the potential of these highly sophisticated investments to deliver market-beating returns as well as downside protection. But few investors can handle the high investment minimum of many hedge funds, nor can they tolerate tying their assets up in these relatively illiquid strategies. WBI Investments is changing that — making the sophisticated investment strategies of expensive hedge funds available to investors through a suite of exchange-traded funds at a fraction of the cost.