AQR Launches Seventh Hedge-Like Mutual Fund

Jan 7 2010 | 2:08am ET

Quantitative hedge fund shop AQR Capital Management has launched its seventh mutual fund as the firm’s mutual fund assets have crested $1 billion.

The Greenwich, Conn.-based firm rolled out its Managed Futures Strategy Fund yesterday, just a week after it launched a global-stock mutual fund, The Wall Street Journal reports. The firm has been in the mutual fund business for just a year, but has managed to raise more than $1 billion for the products in that time.

All told, AQR manages $24 billion, almost 40% less than it did in 2007.

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