Saturday, 29 August 2015
Last updated 22 hours ago
Feb 22 2008 | 11:03am ET
Quantitative hedge fund shop AQR Capital Management is taking it on the chin in the early going of 2008.
The Greenwich, Conn.-based firm’s flagship Absolute Return Fund is down almost 15% through Feb. 15, Bloomberg News reports. A riskier version of the $2.9 billion fund has dropped even more, by 25%, while its Asset Allocation Fund lost 16%.
AQR has been battered by the volatile markets since the subprime crisis struck last summer. Absolute Return suffered big losses in July and October, and was reportedly down by double-digits last year.
Poor performance and investor redemptions have taken their toll on the firm’s assets under management, which now stand at $8.6 billion after falling by 20% over the past six months.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…