AQR’s Longest-Running Fund Has a Record Year With 43.5% Gain
- Performance comes amid banner period for many macro funds
- At least a dozen AQR funds had their best years ever
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AQR Capital Management’s longest-running strategy had its best year since its inception in 1998, posting a gain of 43.5% net of fees, as a range of its funds achieved record performance.
Before fees, the Absolute Return strategy surged 55%, according to a person with knowledge of the matter who asked not to be identified discussing performance. At least a dozen AQR funds had record years, including a strategy dedicated to value that rose 44.7% net of fees last year, and a Style Premia Alternative Fund that climbed 30.6% by the same measure. AQR’s global macro strategy also had its best year, with a 42% increase.