AQR Capital Nabs Hecht as Co-Head of Portfolio Solutions Group

Apr 19 2016 | 9:15pm ET

Alternative investment company AQR Capital Management has hired Peter Hecht as managing director and co-head of its North American portfolio solutions group.

Hecht’s appointment is effective immediately. He will be based in AQR’s Chicago office, according to a statement, and will work with Daniel Villalon, the group’s other co-head. The role will include thought leadership, investor education, and helping clients solve real investment problems, Hecht noted in an email to FINalternatives

Prior to joining AQR, Hecht was managing director and senior investment strategist at fund of hedge funds Evanston Capital Management, which he joined in 2013. Beforehand, he served in various portfolio manager and strategy roles for Allstate Corporation’s $35 billion property & casualty insurance portfolio and $4 billion pension plan, and was an assistant professor of finance at Harvard Business School. His thoughts on risk parity were the subject of a guest editorial on FINalternatives in February.

Founded in 1998 by former Goldman Sachs executive Cliff Asness, Greenwich, CT-based AQR manages approximately $153 billion across both traditional and alternative investment strategies for a wide range of clients, including pension funds, insurance companies, endowments, sovereign wealth funds and financial advisors.

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