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)
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.
Emerging Markets: October Monthly Commentary
2 minutes read timeDuring October the strategy lagged the MSCI Emerging Markets index by 0.8%, even as markets continued rallying. This was primarily due stock selection in Taiwan, where TSMC continued setting the pace. Other markets were mixed with a good recovery in Argentina after the elections but weaker performance among other Latin American markets.
Global Active Credit: October Monthly Commentary
2 minutes read timeOctober saw strong equity market performance globally, accompanied by a rally in global risk-free rates. The S&P 500 gained 2.3%, while the Nasdaq rose 4.8%. In Europe, major indices also finished higher, with the Eurostox 50 up 2.5% and the FTSE100 advancing 4.1%. Gold ended the month up 3.7% at $4,000, though this remained about 10% below intra-month highs of $4,400. Equity gains were led by technology stocks, with the tech component of the S&P 500 up 6.2% for the month.
Emerging Markets Income: October Monthly Commentary
2 minutes read timeThe fund rose 4.4% in October. South Korea remains the standout performer, and together with good returns from Taiwan made Technology the strongest performing sector.
G10 Macro Rates: October Monthly Commentary
2 minutes read timeOctober net performance was a positive +0.59%. The month was more active after the summer doldrums, kicked off by a spat between the US and China over access to rare earth metals and Trumps’ immediate proposed 100% tariff retaliation tipping the recessionary odds again.
Credit Alpha: October Monthly Commentary
2 minutes read timeOctober saw strong equity market performance globally, accompanied by a rally in global risk-free rates.