Risk Timing®

Risk Timing® is a registered trademark of VS Asset Management, LLC. The term refers to a systematic equity approach grounded in two related observations: market returns are extremely difficult to predict over short and medium horizons, and market conditions exhibit regime structure — periods that share internal characteristics and behave differently from periods of a different character.

Treating market state as classifiable rather than predicting precise future values is a different posture from prediction-first risk management. The published work cited below describes the conceptual framework. The specific implementation used by VS Asset Management's funds is proprietary.

Related published work by VS Asset Management's principals

• Varma, The False Promise of Drawdown Rules: New Evidence and a Better Framework, Journal of Portfolio Management 52(1), 2025.
• The Stop-Loss That Stops Gains.
• The Emperor Has No Alpha.