Sunday, 30 April 2017
Last updated 1 day ago
Oct 19 2010 | 1:39am ET
Hedge fund AQR Capital Management is going even more traditional with its more traditional offerings.
The quantitative specialist will begin selling its mutual funds exclusively through financial advisers at the end of the month. The firm said it wants the sometimes-complex instruments explained to potential investors by a professional.
"Ninety-five percent of our assets come from advisers now," David Kabiller, head of client strategies, said. "Our intent was always to target financial advisers, but now it will be exclusive."
Current mutual fund investors who own their shares directly will be allowed to continue to buy shares without an advisor.
AQR launched its first mutual fund last January. The range now contains eight funds with $2 billion in assets; the firm manages a total of $29 billion.