Tuesday, 22 July 2014
Last updated 9 hours ago
Jul 19 2011 | 8:10am ET
Quantitative hedge fund AQR Capital Management has launched a $20 million, no-load mutual fund that will employ a “broadly diversified portfolio of alternative strategies” traditionally used by hedge funds.
Greenwich, Conn.-based AQR says the Multi-Strategy Alternative Fund targets low correlation to traditional asset classes and will provide exposure to nine different types of alternative strategies: convertible arbitrage, event driven (including merger arbitrage), fixed income relative value, equity market neutral, long/short equity, dedicated short bias, global macro, managed futures and emerging markets.
“By providing investors with access to nine different alternative investment strategies,” said David G. Kabiller, founding principal and head of client strategies at AQR, “the AQR Multi-Strategy Alternative Fund attempts to provide a comprehensive solution to their alternative investment needs. In addition, by targeting low correlation to traditional asset classes, the fund has the added benefit of potentially increasing investors' portfolio diversification.”
The new fund is AQR’s ninth mutual fund. The AQR Funds managed over $4.7 billion AUM as of June 30, 2011.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…