Sunday, 21 December 2014
Last updated 9 hours ago
Aug 14 2007 | 10:36am ET
AQR Capital Management had raised about $1 billion for a number of its hedge funds as it tries to swat down rumors of impending doom.
The Wall Street Journal reports that the Greenwich, Conn.-based firm, which manages about $10 billion in hedge fund assets, has won commitments from both existing and new investors for the cash infusion.
AQR said on Friday that its quantitative stock selection strategy had suffered “shockingly bad” losses in August—reportedly as high as 21%. But other AQR funds have apparently not had it nearly as bad, with the firm claiming some are in the black month-to-date.
The fresh investment in its funds comes hot on the heals of a similar announcement by Goldman Sachs, which has arranged a $3 billion “equity investment” into its Global Equity Opportunities Fund, a quant fund that is down 28% this month.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.