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Lisa Fridman , CFA, CQF and Philippe Jorion, PhD are Co-Heads of PAAMCO Alt Beta. Ms. Fridman will also continue in her role as Global Head of Research for PAAMCO; Dr. Jorion, author of more than 100 publications including the Financial Risk Manager Handbook and Value at Risk: The New Benchmark for Managing Financial Risk, will remain Head of Risk Management for PAAMCO.

"PAAMCO is committed to providing a full platform of liquid alpha solutions for our clients. PAAMCO Alt Beta is a natural offering for us as it leverages our almost 18 years of experience analyzing alternative strategies," said Jane Buchan, CEO of PAAMCO and Co-CEO of PAAMCO Prisma Holdings. "We are delighted to be able to provide this to our clients, particularly with Lisa and Philippe leading the effort."

"Passive management has transformed the asset management industry with index funds. The next wave of innovation was 'smart beta' funds. Now, 'alt beta' funds are primed to be the next step," said Dr. Jorion. "We believe alt beta products can be harnessed to add value to investor portfolios through proper component selection and structuring." The rationale for alt beta is detailed in Dr. Jorion's recent PAAMCO Perspectives 'Why Alt Beta?' (https://www.paamco.com/why-alt-beta ).

"We believe PAAMCO is in a strong position to provide a diversified alternative beta solution," said Ms. Fridman. "We see investors looking for diversifying sources of returns to traditional asset class allocations while focusing on costs. I am thrilled that we are able to add PAAMCO Alt Beta to the suite of tools."