Saturday, 25 February 2017
Last updated 8 hours ago
Jan 3 2012 | 4:56am ET
AQR Capital Management is ringing in the New Year with three new hedge funds.
The $41 billion quantitative specialist revealed the planned funds in Securities and Exchange Commission filings on Thursday, the second-to-last business day of 2011. It is unclear when the new vehicles will actually launch.
AQR's new funds include a so-called "black swan" tail-risk fund and a global total return fund. The third fund is named for former British Prime Minister Winston Churchill—AQR founder Clifford Asness' favorite historical figure—although its strategy is unclear.
The minimum investment requirement for the three new funds is $5 million.