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.
Equities (Including Alternative Equity Beta)
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.
Multi-Asset (Including Risk-Balanced Strategies)
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
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.
For its dominance in the private equity space with $100 billion in
assets under management—and for continually showing excellence
in real estate under Jack Gray.
For its “dedicated and established” efforts in primary, secondary,
and co-investment programs in private equity, infrastructure, and
real assets—and its pioneering approach to ESG risk management
“both pre- and post-investment.”
For continued excellence in hedge funds, as well as increasing dominance in liquid alternative strategies for institutional clients—and
for Founder Cliff Asness’ active participation in industry discussions
Marshall Wace WINNER
For being an early mover in using ‘big data.’ “Marshall Wace has
been doing it for over a decade in their proprietary systematic
investment process,” one nominator says. Also for staying “true
to their origins,” with continued development in more traditional
equity long/short strategies.
For its continued development of big data- and technology-focused
products and hiring allocator talent such as Karyn Williams
(formerly of Farmers Insurance). It’s “also innovative in pushing the
client-service model forward,” says a nominator.
For raising nearly $1 billion in committed capital in its real assets
strategy—and expanding its team accordingly with natural
resources experts. Also for its continued work in “tailor-made” strategic partnerships with institutional clients.
For appropriately creating a standalone real assets platform to
expand its efforts in global real estate, agriculture, timber, infrastructure, and energy—and adopt a more nimble investment approach.
Defined Contribution Strategies
NISA Investment Advisors WINNER
For its continued dedication to defined contribution and retirement
income—“retirement-driven investing,” as NISA calls it—by hiring
away target-date fund expert Bill Marshall from AllianceBernstein,
in addition to Mark Fortier’s appointment in 2015.
Asset Management & Servicing