AQR Brings In $1B For Hedge Funds

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.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note