For the firm’s innovative team led by Tim Webb and Rick Rieder,
its ability to find opportunities through “best-in-class analytics”
and “proprietary research and innovative market analysis,” and its
unique tiered approach to manage portfolio liquidity risk.
Wellington Management Company
For its presence as an industry stalwart in the asset class with nearly
half a trillion dollars in assets under management—and sophisticated
proprietary tools for risk and liquidity management.
For its Volatility Risk Premium strategy that is “designed to harvest
diversifying risk premium without the use of leverage, market
timing, or active bets on the direction of market volatility”—and
that can be used as a liquid alternative.
For its Maximum Diversification strategy, an “innovative quantitative
investment approach” that aims to boost diversification while
lowering risks concentrated in market cap-weighted indexes—and
for its persistent emphasis on research.
For hiring Andrew Ang, a renowned scholar in risk-factor investing,
and its continued advances in the Market Advantage strategy, as
well as the development of the Style Advantage strategy, which
systematically leverages 16 long/short style factors to deliver “hedge
fund-like benefits” using liquid vehicles.
Columbia Threadneedle Investments
For its “adaptive risk parity approach” led by Jeff Knight that advocates
adaptable risk allocation based on market conditions–and its
courage to stray from the classic parity approach.
For its multi-asset funds that are not only based on the firm’s highly
quantitative background, but also offer fee and liquidity terms
that are “more investor-friendly than those offered by most in
the industry,” according to one nominator. “They should be an
example for the rest of the industry.”
Risk Premium Investment Management Company Winner
For its “groundbreaking” investment analytics and portfolio management
based on the liquid and low-cost “pure risk-factor investment”
approach. “RPIMCo shows how risk factors can/should be a part of
the portfolio, not a hedge fund strategy,” says a nominator.