# The weight of true institutional firepower...applied with a deft touch

Russell Investment Group runs approximately $5.3bn in funds of hedge funds, all with the same non-directional investment philosophy. Its flagship, the Alternative Strategies Fund (ASF), was launched in June 2001, soft closing at$3bn. It has since delivered annualised returns of 9% with a volatility of 2.1%.

"You see a lot of conservative funds that claim to be non-directional but have equity or credit beta. This one is truly non-directional. Since inception, we have equity and credit betas b

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The week on Risk.net, July 14–20, 2017