2024-01-04 17:02:32
LONDON (Archyde.com) – Billionaire investor Cliff Asness’s AQR Capital Management finished 2023 with double digit returns in several of its funds, a source familiar with the matter said on Thursday.
The $99 billion investment manager returned 18.5% for the year in its AQR Absolute Return strategy, its longest running multi-strategy, the source familiar with the firm’s performance said.
This compared with an almost 44% return in 2022, the source said.
Good stock selection and relative value macro trading, or the price differences between similar financial products, aided the fund’s success, the source said.
A representative for AQR declined to comment.
Double digit gains were also posted in several of the investment manager’s other funds.
For instance, the alternative trend following strategy, AQR Helix, was up 14.3% in 2023 versus 49.1% in 2022 and the AQR Equity Market Neutral Global Value strategy was up 20.6% in 2023 versis a 44.7% return in 2022.
Bloomberg first reported the news of the performance.
1704388181
#Investment #manager #AQR #ends #returns #funds
