Alternative Risk Premia
Non-directional factor investing with simplicity at its core
The highly experienced team aim to deliver the purest form of risk premia, with simplicity at its core. Our strategies can be accessed via dynamic and forward-thinking platforms that allow investors to choose the best solution to meet their needs.
Specialists in factor creation and quantitative investment analysis
The Risk Premia Investment team comprises two highly experienced managers: Louis Cucciniello and Ross Wright. They are both specialists in factor creation and quantitative investment analysis. The team worked together at Deutsche Bank where they developed and managed quantitative alternative investments.
Before this, Louis served as Managing Director and Global Head of Multi-Asset Trading at Deutsche Bank’s investment bank where he created, traded and managed over $5bn of risk premia strategies.
The team together have over 35 years’ combined investment experience managing alternative risk premia strategies.
Allowing investors to choose the best
solutions to meet their individual needs
Solutions
Products
Analytics and research
Customised
Combined
Louis Cucciniello was Global Head of Risk Factors and Lead Portfolio Manager of a range of Deutsche Bank (DWS) ARP Strategiesfrom 1 Jan 2013 to 1 April 2016 where he managed 14 risk premia strategies which are unchanged and still live today.
The chart shows an equally weighted combined track record of those 14 live strategies.
Louis Cucciniello was Global
Head of Risk Factors & Lead
portfolio Manager of a range
of 16 Deutsche Bank (DWS)
ARP Strategies
From 1 Jan 2013 to 1 Apr 2016
Track record of live PAM’s risk premia.
These risk premia represent the newest
version of the risk premia Louis Cucciniello
ran at DWS.
Model from 2 April 2018 to 28 Sept 2018.
Live money form 1 October 2018 to present
Investment philosophy
Risk Premia’s three major investment principles:
1
Providing systematic exposure to well-known sources of excess return
We believe that a large portion of absolute fund returns can be explained by a range of traditional market factors and alternative risk premia.
2
premium for complexity
We believe simpler strategies perform just as well and sometimes better than their complex counterparts. Simpler strategies have also shown to have more stable risk/return characteristics.
3
Liquid, Cost Efficient Implementation
We focus on delivering the risk and return patterns of absolute returns funds to investors in a manner that is more transparent, cost efficient and highly liquid.
Why Invest?
A transparent alternative solution to more traditional, opaque and expensive Alternative Risk Premia choices.
Use of proprietary risk premia portfolio design, implementation and automation to create uncorrelated systematic investment strategies.
Highly experienced team with over 30 years’ combined investment experience managing alternative risk premia strategies.
Team utilise expertise across factor creation, portfolio allocation and quantitative investment analysis to deliver the purest form of risk premia, with simplicity at its core.
Strategies can be accessed via dynamic and forward-thinking platforms that allow investors to choose the best solution to meet their needs.
Harnessing returns across Value, Carry, and Momentum styles, covering FX, rates, equities, volatility and commodity asset classes.
Portfolio managers
Lou Cucciniello
Head of Diversifying Assets and co-manager of Risk Premia
Ross Wright
Head of Direct Indexing & Quantitative Investments
find out more:
Pacific North
of South EM All Cap Equity
Contact us
Speak to a member of the client team to find out more:
Mary Murphy
Head of Distribution
(Single Manager Strategies)
G10 Macro Rates: November Monthly Commentary
< 1 minute read timeNovember net performance was a positive +1.09%. The month welcomed data back from the BLS after the longest Federal shut down in US history. The data itself was muddied by insufficient polls or backdated to September and therefore outdated. However, on balance it pointed to weakening inflation and retail sales, against that, reduced employment is yet to materialise.
Global Active Credit: November Monthly Commentary
2 minutes read timeMany market indices showed limited month-on-month movement; however, this masked significant intra-month volatility across numerous markets. The S&P 500 ended the month up 0.25%, despite having been down more than 4.5% at its intra-month low, or 5.75% off its 29th October local peak.
Emerging Markets Income: November Monthly Commentary
2 minutes read timeIn November, the fund returned +0.1% with positive performance from Brazil and South Africa, as gold and other commodities resumed their positive trajectory. Conversely, profit-taking in AI-linked equities from South Korea and Taiwan were the main areas of weakness.
Emerging Markets: November Monthly Commentary
3 minutes read timeDuring November the strategy outperformed the MSCI Emerging Markets Index by 1.7% in what was the first down-month for our markets since the start of the year. The stronger performance was driven primarily by stock selection which limited downside in the portfolio.
Multi-Asset: November Monthly Commentary
2 minutes read timeGlobal markets were mixed in November, following several months of strong gains. Volatility rose as concerns over stretched AI-related and technology stocks resurfaced, prompting a rotation into defensive sectors such as healthcare and consumer staples, while the technology sector faced its largest decline since March.
Multi-Asset: Market Update December 2025
3 minutes read timeGlobal markets were mixed in November, pausing after several months of strong gains. Volatility increased as concerns over stretched AI-related and technology stocks resurfaced, prompting a rotation towards defensive sectors such as healthcare and consumer staples, with the technology sector being challenged, and recording its biggest decline since March.