Combined strategy delivers for SSARIS as other diversification models unravel

Fri Feb 6, 2009



SSARIS Advisors plays off convergent and divergent strategies in its portfolios to deliver smooth returns over a full market cycle. Tellingly, its approach has held up during the market's grimmest months


SSARIS Advisors plays off convergent and divergent strategies in its portfolios to deliver smooth returns over a full market cycle. Tellingly, its approach has held up during the market's grimmest months

By Claire Makin

After a year when most fund of funds managers watched in horror as their carefully devised diversification strategies came unravelled, SSARIS Advisors is one of very few whose models have delivered.


Brian Chung, Mark Rosenberg and Andy Fisch


SSARIS, the hedge fund advisory arm of asset management giant State Street Global Advisors in the US, follows a deceptively simple approach to diversification that it says has sometimes been hard to sell to prospective clients.

But last year they changed their minds. Against a background of crashing markets and a fall of more than 16% for the InvestHedge fund of hedge funds median, all four of SSARIS's key strategies either made money or significantly outperformed their peers.

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