Non-U.S

Low Volatility All World Equity

At a Glance

We aim to deliver the best available risk-adjusted returns by combining the science of quantitative investment, the judgment of our experienced investment team and the highest quality data.

Active Factor Investing Designed for Better Risk-Adjusted Returns

  1. Potential for market-like returns with strong down-market outperformance.

  2. Compensation for risk. Investors often go uncompensated for up to a third of their equity market risk. We aim to only take on risk that is compensated.

  3. Comprehensive Framework. Dedicated to actively reducing all equity risks in a disciplined and repeatable fashion.

  1. High Conviction. Designed to stay true to the low volatility style of investing and managed from an absolute risk perspective without being tied to the benchmark.

  2. Adaptive Process. Decision-making that balances science and judgment and builds upon an intense investment research program.

  3. Cutting-edge technology. Uses continuously developed proprietary models incorporating superior technologies for extracting reliable signals from financial data.

Philosophy and Approach

  • Investors are typically encouraged to compromise between seeking higher long-term returns and mitigating losses within equity markets. We seek to eliminate this compromise by providing long-term market-like returns with significantly lower risk.

    Investment process:

    Our portfolio construction process is driven purely by risk considerations. We select positions that are quantitatively shown to reduce overall portfolio risk through a combination of having low individual stock risk, having low negative tail risk, or being good diversifiers against other portfolio positions.

  • Buy/Sell Discipline: Our portfolio managers design most transactions using our proprietary and continuously developed risk models. If a significant market event occurs that is not yet reflected in the model’s data, however, the portfolio manager has the flexibility to adjust positioning with the sole purpose of reducing risk.

    Trading/Execution Strategy: The strategy will avoid executing trades that would result in insignificant reductions in expected volatility. The strategy strives to remain fully invested, with cash positions kept to a minimum. Our independent trading desk executes all securities trades and focuses on seeking the best execution.

    Risk Management: Risk management is integrated throughout the process with a focus on avoiding unintended risks through independent daily monitoring.

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At a Glance

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