Some alternative risk premia (ARPs) products are down 21% for the year as pension funds continue to see mixed returns from their diversifying strategies.
ARPs have grown in popularity as asset owners look to replace stock market beta with hedge fund techniques such as long-short in equities and carry in foreign exchange.
But data to the 23 March show great dispersion in how ARPs are coping with extreme market volatility.
The best performers in the universe of more than 30 commercial ARP funds monitored by London-based investment consultancy, MJ Hudson, are up 3%; more than 24% better than the worst performer.
MJ Hudson works with clients in the fields of law, international administration, fund management, investment advisory, and IR and marketing, across both alternative and traditional asset classes.Gresham House Strategic PLC (LON:GHS) has a 1.3% ownership of MJ Hudson as of June 2018.