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