Wednesday, 20 August 2014
Last updated 41 min ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note