Friday, 27 March 2015
Last updated 4 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…