Lance Babbit Russell Investments Senior Portfolio Manager

Russell Investments has found that the fast pace of evolution in total portfolio, multi-asset solutions focused on specific client investment outcomes has led to a need for greater clarity in objectives of the underlying building blocks. This has been the case broadly, but specifically in the area of liquid alternative investment strategies where these strategies exhibit different investment attributes based on different market conditions. Therefore, we have decided to remove the Russell Multi-Strategy Alternative Fund from our multi-asset portfolios and the fund’s Board has determined to liquidate the fund.

Russell Investments remains strongly committed to our broad suite of alternative strategies such as commodities, infrastructure, real estate securities, non-traditional fixed income strategies and option strategies. Russell Investments remains confident that exposure to liquid alternative strategies offers long-term benefits to well-diversified investment portfolios. We continue to actively explore other potential avenues for bringing these kinds of liquid alternatives strategies to investors’ portfolios, as we believe these strategies present viable and important investment opportunities for outcome-oriented portfolios.