AQR Launches New UCITS Funds

Mar 23 2017 | 7:34pm ET

Cliff Asness’ quantitative asset manager AQR has debuted two new UCITS-compliant funds that focus on global long/short absolute return and systematic total return. 

The new funds are named the AQR Style Premia Equity Market Neutral Strategy and the AQR Systematic Total Return Fund, according to an article in Citywire. The former is a global long/short absolute return fund that invests across global equity markets and takes a balanced approach between value, momentum and defensive investment styles while also trying to keep correlations with global equity markets to a minimum. 

The AQR Systematic Total Return Fund, in contrast, has three component strategies seeking diversified returns with a low correlation to a range of traditional asset classes, the article said.

The first is a long-only exposure to equities, fixed income and commodities, the second is a multi-asset trend approach that holds long and short positions across diversified set of liquid futures, forwards and swap contracts in major asset classes, and the third is a market-neutral strategy that utilizes a systematic selection process to find market-neutral securities in markets around the world.

Both the new funds passported for sale in Austria, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden and Switzerland, Citywire said. 

Founded in 1998, AQR manages more than $175 billion in assets deployed across both traditional and alternative investment strategies for a wide range of clients, including pension funds, insurance companies, endowments, sovereign wealth funds and financial advisors. The company has been a major innovator in the liquid alternatives space, launching its first alternative mutual fund in 2009,  and was an early adopter of factor-based investing. 

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