AQR launches new liquid alts fund

AQR Capital Management announced the launch today of its AQR Diversifying Strategies Fund, which officials say is designed to be a single solution to gain exposure to liquid alternatives with attractive long-term risk adjusted returns by investing in a portfolio of AQR’s alternative mutual funds. The fund is structured to provide exposure to two different types of alternative strategies -- active multi-asset strategies and absolute return strategies. Active multi-asset strategies such as risk parity, will provide tactical, risk balanced, active global market exposure. Absolute return strategies, such as managed futures, will seek to profit from well-established risk premia and provide exposure to less accessible, more proprietary sources of return. The underlying AQR mutual funds that will comprise the portfolio are: AQR Multi-Asset Fund; AQR Equity Market Neutral Fund; AQR Global Macro Fund; AQR Managed Futures Strategy HV Fund; AQR Style Premia Alternative Fund and the AQR Diversified Arbitrage Fund. “We developed this fund to help investors effectively meet the challenge of building an alternatives allocation, which can be a critical piece of a more stable portfolio,” said AQR Co-Founder David Kabiller. The fund began trading on June 8 and is managed by the firm’s multi-strategy team, which has expertise in creating custom solutions for global investors. “Our approach is grounded in AQR’s systematic and disciplined investment process,” said Ashwin Thapar, principal at the $143 billion firm. “We aim to thoughtfully design the portfolio to provide diversified, systematic exposure to alternative return sources, with meticulous portfolio construction, risk management and trading to seek additional value for our clients.”

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