AQR Funds Down Double-Digits In Early Going

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.

RELATED ARTICLES:

AQR Flagship Down 12% YTD
AQR Denies Shelving IPO
AQR Blames Crowding For Losses, Says ‘Severe’ Rumors False


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.