Current news for this fund:

AQR Capital Management - quantitative strategies


Count of distinct funds: 3
Capital base: $11B (firm-wide)
Loss: down to about $8.6B now (firm wide; mid-Feb '08)

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A number of AQR Capital Management's funds (possibly all of them) could be called "ailing" these days. As FinAlternatives reported (in mid-Feb.), Absolute Return was down nearly 15%, and a more leveraged version of the fund was down about 25%; and the Asset Allocation Fund was down about 16%. The latter fund was the basis for one of Goldman's 401(k) options, the Global Relative Value fund, which was recently shuttered after losing 21% in 2008.

FinAlternatives has this background on the fund and its current condition:

The Greenwich, Conn.-based firm, founded by ex-Goldman wunderkind Clifford Asness, has been one of the funds hardest hit by the market volatility set off by the subprime mortgage crisis. The $11 billion firm’s flagship was done almost 15% through the middle of February, after losing 12% last year.

Their Feb. 22, 2008 article gives $8.6B as the remaining assets under management at the firm; a drop of more than 20% in six months time.

If you have more information on AQR, please drop us a line.

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Important: This fund is on our list of hedge funds that are apparently ailing or which we think are worth watching for any other reason. Ailing funds haven't shut down, but they've suffered significant value declines and/or temporarily halted redemptions. Funds on watch may not even have unusual declines, but may be posted if it is felt there may be risk of developing a more serious condition eventually.