Parametric and Research Affiliates Announce a Partnership To Provide a Systematic Global Macro Strategy
SEATTLE, WA, and NEWPORT BEACH, CA, December 5, 2016 - Parametric Portfolio Associates LLC ("Parametric") and Research Affiliates, LLC announced today a partnership to provide a Systematic Global Macro strategy to institutional separate accounts.
“Our clients desire liquid alternative solutions that provide attractive, diversifying returns in a cost-effective manner. Parametric is leveraging its partnership experience with Research Affiliates to launch what is expected to be an empirically robust and theoretically sound strategy aiming to deliver these attributes,” said Brian Langstraat, Chief Executive Officer. Parametric.
“As a natural evolution of our research in asset allocation and smart beta, we developed a long/short strategy harvesting alternative return premia of carry, momentum and value, across asset classes and geographies,” said Chris Brightman, Chief Investment Officer, Research Affiliates. “Our rules-based, transparent and diversified approach is intended to deliver uncorrelated returns to stocks and bonds,” he emphasized.
“Many institutional investors have expressed to me their increasing dissatisfaction with hedge funds. Today, I am thrilled to say that we have partnered with Parametric to introduce a new approach to global macro investing we are confident will disrupt an industry long characterized by poor outcomes and extraordinarily high fees” explained Rob Arnott, Chairman and Chief Executive Officer of Research Affiliates.
Parametric focuses on the delivery of engineered portfolio solutions, including rules-based alpha-seeking equity, alternative and options strategies, as well as implementation services including tax-managed core equity, futures overlay and centralized portfolio management. As of October 31, 2016, Parametric managed $174.1 billion in assets on behalf of institutions, high-net-worth individuals and fund investors in the U.S. and internationally. Parametric operates from investment centers in Seattle, WA, Minneapolis, MN and Westport, CT.
About Research Affiliates
Research Affiliates, LLC, is a global leader in smart beta and asset allocation. Founded in 2002 and based in Newport Beach, California, Research Affiliates is dedicated to creating value for investors, we seek to have a profound impact on the global investment community through our insights and products. Our investment strategies are built on a strong research base and are led by Rob Arnott and Chris Brightman. We deliver solutions in partnership with some of the world’s leading financial institutions, through their offerings of mutual funds, ETFs, separately managed accounts, and/or commingled accounts. As of September 30, 2016 about $165 billion in assets are managed worldwide using investment strategies developed by Research Affiliates. Web: www.researchaffiliates.com
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This material is not intended as an offer or solicitation to purchase or sell any security or a recommendation to adopt any investment strategy. The views and strategies described may not be suitable for all investors. Investing entails risks and there can be no assurance that strategy will achieve profits or avoid incurring losses. Parametric does not provide legal, tax and/or accounting advice or services. Investors should consult with their own tax or legal advisor prior to entering into any transaction or strategy described herein. For more information regarding Parametric and its investment strategies, or to request a copy of Parametric’s Form ADV, please contact us at 206.694.5575 or visit our website, parametricportfolio.com.