Portable Alpha
Portable Alpha
For over a decade, Radcliffe’s Ultra Short Duration (“USD”) strategy has been used as Portable Alpha by clients including pensions and endowments. Clients seek to capitalize on USD’s long track record of attractive returns, regardless of market conditions, to enhance both the absolute returns and Sharpe Ratios of any beta.
Launched in May 2023, the Radcliffe Treasury Plus strategy is the first offering within our Portable Alpha Solutions. The strategy has exposure to U.S. Treasuries enhanced with a curated portfolio of short duration bonds. We seek uncorrelated excess returns above the beta, in this case the Bloomberg U.S. Treasury 7-10 Year Index, regardless of market conditions. The Treasury Plus strategy includes some of our favorite bonds from Radcliffe’s USD strategy which, since its inception in 2009, has a near-zero correlation to the Bloomberg US Treasury Index, while also achieving higher returns with less volatility.
Radcliffe’s Portable Alpha Solutions are available to pair with any client-chosen beta exposures.
All investments are subject to risks including the possible loss of principal. This description contains opinions and expectations regarding the marketplace and the strategy, as well as descriptions of current and potential investment processes. There is no guarantee that our expectations will be met. Radcliffe may change its investment process without notice at any time.