(Bloomberg) — Economist Nouriel Roubini, who won the “Dr. Nicknamed Doom” for his warnings of doom before the 2008 financial crisis, he is looking to become the latest high-profile Wall Street veteran to make his mark on the $9.4 trillion ETF universe.

The Atlas America fund, which would count it as one of three portfolio managers, would be actively managed and invest in a variety of assets, potentially including US government, corporate and municipal bonds, real estate, stocks and gold, according to a filing with the US Securities and Exchange Commission. It aims to generate stable returns with low volatility and limited correlation with broader capital markets, protecting against downside risks during periods of financial market stress.

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Roubini, who runs Roubini Macro Associates, is the latest in a long list of prominent economists and investors to attach their names to ETFs. Fundstrat's Tom Lee listed a filing on Monday for the Fundstrat Granny Shots US Large Cap ETF. Katie Stockton of Fairlead launched her ETF, which trades under TACK, in 2022, while Jim Bianco, of Bianco Research, lent his name to the WisdomTree Bianco Total Return Fund.

“ETFs are the present and future of asset management, so all types of market participants – whether tested or untested – are gravitating to the ETF in an effort to expand their investor base and income” , said Todd Sohn, an ETF strategist at Strategas. However, “success is not guaranteed – ETF success is earned, not given.”

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After gaining prominence for his awareness of the housing bubble that sparked the 2008 crisis, Roubini has been a regular skeptic of the prolonged rally in US stocks and has often questioned the health of the US economy.

He recently co-authored a paper in which he accused the US Treasury of manipulating debt issuance in a way that lowers the real costs of borrowing across the economy, a charge strongly held by US Treasury Secretary Janet Yellen. rejected.

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Roubini is the co-founder of the Atlas Capital Team, where he is helping to develop investment strategies that hedge against high-risk regimes, including runaway inflation, climate change and civil unrest. The firm's website says its leadership team includes individuals who previously worked at the International Monetary Fund, the World Bank, Goldman Sachs Group Inc., Binance and BlackRock Inc.