AQR Capital
Encyclopedia
AQR Capital Management is a hedge fund founded in 1998 by former Goldman Sachs
trader, Clifford S. Asness
.
.
According to a 2007 article in the New York Times, AQR Capital Management (AQR) shelved plans for an IPO due to poor performance causing "several large investors to pull their cash from the firm’s $38 billion fund.".
AQR Capital Management was listed as one of the 100 Hedge funds to watch by the Financial Times., which reported that the firm "takes a systematic, computer-assisted approach to investment involving both value and momentum factors applied to various asset classes" and views themselves as "fundamental rather than quantitative as they like to ‘understand the story’ behind their models rather than rely solely on data." The company utilizes a variety of investment vehicles such as ETFs and futures.
The firm began offering risk parity
strategies to its clients around 2005. In 2011, the Wisconsin State Investment Board hired AQR to manage $300 million USD as part of its risk parity strategy portfolio.
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
trader, Clifford S. Asness
Cliff Asness
Clifford Scott 'Cliff' Asness is an American hedge fund manager and quantitative financial theorist.-Background:After graduating with dual degrees from the University of Pennsylvania, Cliff Asness entered the finance PhD program at the University of Chicago and became the research assistant to...
.
Description and history
The firm invests in public equity and hedges markets across the globe. In 2007, AQR Capital Management had $35 billion in assets under managementAssets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
.
According to a 2007 article in the New York Times, AQR Capital Management (AQR) shelved plans for an IPO due to poor performance causing "several large investors to pull their cash from the firm’s $38 billion fund.".
AQR Capital Management was listed as one of the 100 Hedge funds to watch by the Financial Times., which reported that the firm "takes a systematic, computer-assisted approach to investment involving both value and momentum factors applied to various asset classes" and views themselves as "fundamental rather than quantitative as they like to ‘understand the story’ behind their models rather than rely solely on data." The company utilizes a variety of investment vehicles such as ETFs and futures.
The firm began offering risk parity
Risk parity
Risk parity is an alternative approach to investment portfolio management which focuses on allocation of risk rather than allocation of capital...
strategies to its clients around 2005. In 2011, the Wisconsin State Investment Board hired AQR to manage $300 million USD as part of its risk parity strategy portfolio.