Quant Trades Popularized by Ray Dalio Bounce Back With 19% Gain

Risk parity — the investing style popularized by Ray Dalio — is quietly bouncing back.

AQR Capital Management’s multi-asset fund is up 15% this year. Columbia Threadneedle’s version has returned about 12%. Even simple ETFs tracking the strategy have gained as much as 19%. For a category long seen as lagging, that’s a notable shift.