For financial professionals in Norway

David Elms

Head of Diversified Alternatives | Portfolio Manager

David Elms is Head of Diversified Alternatives and a Portfolio Manager at Janus Henderson Investors responsible for enhanced index, risk premia, and hedge portfolios. Prior to joining Henderson in 2002, he spent eight years as a founding partner at Portfolio Partners. He was initially based in Melbourne, where he managed derivatives and enhanced index portfolios, and was later seconded to Aviva in London in a corporate strategy role following Aviva’s acquisition of Portfolio Partners. Earlier, he spent three years as associate director at County NatWest Investment Management, Melbourne, where he was responsible for equities and equity derivative trading as well as quantitative research.

David received a BCom degree (Hons) from the University of Melbourne, Australia.  He has 31 years of financial industry experience.

Products Managed

Articles Written

Anatomy of a short squeeze: causes, outcomes and lessons
Timely & Topical

Anatomy of a short squeeze: causes, outcomes and lessons

What lessons can short squeezes offer about the inherent danger of carrying excessive leverage or short positions during periods of heightened risk and illiquidity?

2022 – optimal conditions for a liquid alternative toolset?
Timely & Topical

2022 – optimal conditions for a liquid alternative toolset?

How can a multi-strategy approach to using liquid alternatives help to improve diversification and complement traditional asset class allocations?

Alternatives 2022: has the bull gone far enough?
Analysis & Studies

Alternatives 2022: has the bull gone far enough?

Looking ahead to 2022 and considering the value of an allocation to truly diversified strategies after a year of record-breaking market highs.

Diversified alternatives: adapt and evolve
Features & Outlooks

Diversified alternatives: adapt and evolve

David Elms, Head of Diversified Alternatives, argues for new thinking for investors’ portfolios in 2021, following a year in which the pandemic posed unfamiliar challenges for industries.

Expected drawdowns – How much money should I lose?

Expected drawdowns – How much money should I lose?

Can historical and simulated data provide some guidance to what scale of asset price swings investors could expect over time? In this article Portfolio manager Aneet Chachra and David Elms, Head of Diversified Alternatives, address the value of drawdown probabilities in helping to calibrate our expectations of price moves.

Selling volatility – is the juice still worth the squeeze?
Features & Outlooks

Selling volatility – is the juice still worth the squeeze?

Are investors being sufficiently compensated for taking asymmetric risk? In this article, portfolio manager Aneet Chachra and David Elms, Head of Diversified Alternatives, evaluate changing market conditions for equity volatility in the US and UK.

Factor timing – You’re doing it wrong!

Factor timing – You’re doing it wrong!

The quantitative finance world has recently been transfixed by its version of the East Coast/West Coast feud. But instead of Brooklyn versus Compton rappers, it’s their suburban cousins Greenwich versus Newport Beach arguing over factor timing.

The Alternative View – Avoiding Bubble-Weight Indices
Features & Outlooks

The Alternative View – Avoiding Bubble-Weight Indices

​In this series of views from Henderson’s Multi-Strategy team, Head of Diversified Alternatives, David Elms, and Fund Manager Aneet Chachra discuss why highly sector-concentrated indices may be riskier than they appear.