Absolute Return Overlay Solutions: The Best Hope?
Our GMS team discusses the potential benefits of portable alpha overlays, which can meaningfully enhance returns over strategic allocations.
Absolute Return
Factor-driven strategies utilize a disciplined risk-budgeting approach to portfolio construction.
Investment Philosophy
Factor Models
A systematic framework using a mix of fundamental and market-based factors may successfully identify market mis-pricings and capture available risk premia over time.
Asset Class Expertise
A fundamental understanding of the drivers of returns determines the most suitable set of factors for each asset class.
Allocate by Risk Budget
A disciplined risk budgeting approach to portfolio construction allocates to individual diversifying return drivers to maximize risk adjusted returns with low exposure to traditional asset class risk.
Customizable Implementation
The modular approach allows for transparent and flexible portfolio solutions incorporating both absolute and total return elements.
Insights
Multi-Asset Value Payoff: Is Recent Underperformance Cyclical?
A new approach to explore a link between the well-known macroeconomic exposures of traditional asset classes and those of value premia in a multi-asset context.
Currency Management for International Equity
Examines the difficulty of managing currency exposures in international equity portfolios.
Explore More
Commodity Strategy
A systematic, factor-based investment strategy that harnesses economic fundamentals and seeks to deliver consistent returns over a market cycle.
Diversified Multi-Asset Growth
A systematic, factor-based investment strategy designed to deliver total returns over long-term comparable to global equity markets, with a lower risk profile.
Global Macro
A systematic, factor-based investment strategy designed to deliver consistent absolute returns over a market cycle.