Wednesday, 28 September 2016
Last updated 23 min ago
Sep 12 2011 | 12:43pm ET
AQR Capital Management's two-year old Australian hedge fund has attracted some impressive inflows Down Under over the past three months.
Institutional investors in Australia and New Zealand have committed more than A$150 million (US$157 million) to the AQR Wholesale Delta Fund, the Financial Standard reports. The inflows have roughly quadrupled the fund's assets under management to about A$200 million.
"We have intentionally priced this fund at the cheapest end of the alternatives peer group, providing a strong value proposition to investors in the alternatives space," Simon Willis, head of wholesale at AQR Australia, told the Standard.