AQR's Revamped Risk-Parity Fund Notches Record Quarterly Return
- Rebranded flagship fund jumped 9.6% as stocks, bonds rallied
- Strong start to 2019 comes after walloping at end of last year
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The “everything rally” that greeted investors to start 2019 delivered a record quarter for AQR Capital Management’s flagship fund.
The firm’s AQR Multi-Asset Fund rose 9.6 percent in the first three months of the year, rebounding from a fourth-quarter drubbing. The fund, previously known as AQR Risk Parity, stripped the reference to the quantitative strategy last year. It lost about 6 percent in the fourth quarter and saw redemptions last year that contributed to a drop in the firm’s 2018 assets under management to $192.7 billion from $223.9 billion a year earlier.