AQR Launches Multi-Strategy Mutual Fund

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR