Another Strategy That’s Struggling in the Covid-19 Era? Risk Premia.

AQR, Two Sigma, and GAM’s risk premia funds are down this year.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

Quant-based risk premia funds are having a difficult time recovering from the Covid-19 pandemic.

After falling sharply earlier in the year, the risk premia funds managed by major hedge fund purveyors — AQR Capital Management, Two Sigma and GAM — are still in negative territory this year.

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