New York City
Verified
Renaissance Institutional Diversified Alpha Funds (“RIDA” or the “Funds”) employ a quantitative global investment strategy with exposure to a diversified universe of equity securities, futures, and forwards, using long-term alpha signals. The firm may incorporate new asset classes and/or securities into RIDA as research develops. The Funds seek to maximize risk-adjusted return over long time periods with a targeted volatility that lies between 8% and 16% and with the goal of achieving a Sharpe ratio greater than 1.0 over the long term (gross of fees and expenses). Most returns are expected to come as alpha over the long term as RIDA is intended to have low correlation to the US and global equity markets generally and to have medium to low correlation to other asset classes.
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