Lackluster returns from Ray Dalio's risk strategy spur investors to yank $70 billion from funds—'It's been disappointing for a long time' [Fortune]
VERUS INTL INC (VRUS)
Company Research
Source: Fortune
But now, after five years of sub-par returns, many of the institutional investors who sunk large sums into risk-parity funds, as they're known, are demanding the money back. Investors including public pensions in New Mexico, Oregon and Ohio have yanked out cash, slashing the size of the funds by an estimated $70 billion from their peak three years ago. For many, the pleas from firms for more time — that the next decade in markets is unlikely to resemble the last — ring hollow. “It's been disappointing for a long time,” said Eileen Neill, managing director at Verus Investments, an adviser to New Mexico's roughly $17 billion public employee pension, which axed its risk-parity allocation in December. “The only time risk parity was really successful was at the time of the Great Financial Crisis and that was really its heyday.”Play Video The lackluster run through the post-pandemic booms and busts has rattled faith in an allocation method pioneered by Dalio, who built Bridgewater int
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