AQR Scratches IPO Plans

Nov 8 2007 | 11:58am ET

Hedge fund AQR Capital Management has dropped its plan to go public as it faces substantial withdrawals.

The Greenwich, Conn.-based firm, which manages about $35 billion, has not participated in the hedge fund resurgence over the past two months. Its flagship Absolute Return Fund lost about 3% last month, and is down 6% year-to-date, according to the New York Post. The poor performance has reportedly led several large investors to file redemption requests.

AQR was one of the firms hit hardest by this summer’s market swoon, and in July announced it was postponing its planned $500 million initial public offering. The firm planned to sell 10% of itself.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...