Asness Attracts $360 Million as Liquid Alternative Funds Hold Up
This article is for subscribers only.
As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice.
The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last month through Aug. 28 as bets against commodities and currencies paid off. That’s the most among 366 U.S. liquid alternatives funds that provide daily updates, according to data compiled by Bloomberg.